> is it more because of logistical reasons? In the US, ACH/cheque cashing with the number on the bottom is a FTP-based legacy system. Your bank floats you the

> is it more because of logistical reasons? In the US, ACH/cheque cashing with the number on the bottom is a FTP-based legacy system. Your bank floats you the amount as a credit within a few days or a week, depending on the funding source. For example, business cheques usually "clear" faster because they are less risky. But they haven't actually cleared yet, it's a multi day (probably weeks, tbh) situation where you have to download ACH return/error files every day and hope none contain that transaction.