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I mean, when you really look at it, banks aren't really up to speed with the speed of information these days. A lot of these things that shouldn't be issues ar
by bena 8y ago
I mean, when you really look at it, banks aren't really up to speed with the speed of information these days.
A lot of these things that shouldn't be issues are issues because they're still operating as if there are still people who are managing most of this and physical checks and credit slips are being passed around.
- TheCoelacanth 8y agoNone of these scenarios require them to allow overdrafts. Even operating by passing physical checks around does not make allowing overdrafts necessary. Refusing to honor checks drawn against accounts with insufficient funds has been around for ages, even when everything actually was managed by passing around physical checks.