Quote:
Originally Posted by Ped
Yeah banks need to step it up. Almost everything is online so it shouldn't take more than 2 minutes to verify a credit card payment. Hell, my bank has new ATMs that count the bills and read the cheques - but it still takes 3 business days to clear a deposit. If you rmachine knows how much I am depositing, why does it take that long?
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Guy i know told me one reason why they had to do that with the machines, get them to read the cheques and the bills. People would deposit empty envelopes saying it was cash and either dispute when the bank said they didnt deposit the money, or more commonly, withdraw from that account their ficticious money. Something to do with the timing of those fake deposits and withdrawls would allow it.