Went to the bank, found out about some interesting changes coming...

[yukichigai]

I used to write checks for my Cable and Phone/DSL bills until I found out I could pay via ATM/Credit Card over the phone. Now the only checks I write are for my rent, because my landlady only takes checks.

 

[Pantoot]

Originally posted by: Vic

- Checks written to you will post faster, so no more BS from your bank about how your ADP payroll check will take 5 days to post to your account.

I bet you will be hard pressed to find a bank that is going to re-visit their check holding policies and schedules. They are still going to hold your funds for the same amount of time that they do now.

 

[Vic]

Originally posted by: Pantoot

Originally posted by: Vic
- Checks written to you will post faster, so no more BS from your bank about how your ADP payroll check will take 5 days to post to your account.

I bet you will be hard pressed to find a bank that is going to re-visit their check holding policies and schedules. They are still going to hold your funds for the same amount of time that they do now.

Perhaps. I think it will depend on the bank and your standing with your bank. I have WAMU and they always credit checks deposited to my account same day. OTOH, I have noticed that BofA will take up to 10 days to post a payroll check, which is one reason I closed my accounts with them years ago.
Your own experiences may vary...