That’s what it was like here not so long ago. It can occasionally still take that long if you’re sending money to another bank. Same for weekends and holidays. We still seem to get by just fine?
That’s too much delay and too insecure for businesses around here.
Many don’t even take checks for pretty much the same reasons (they are basically the same system, but entrenched): There’s no guarantee that the person paying actually has the money for the business to later receive it.
That’s what it was like here not so long ago. It can occasionally still take that long if you’re sending money to another bank. Same for weekends and holidays. We still seem to get by just fine?
That’s too much delay and too insecure for businesses around here.
Many don’t even take checks for pretty much the same reasons (they are basically the same system, but entrenched): There’s no guarantee that the person paying actually has the money for the business to later receive it.