Ideas for revenge on a bank?

A lot of people still like having the control over making payments from their checking account instead of using ACH transactions and auto-pay or using online banking. You'd be surprised at how many companies still cut payroll checks instead of using direct deposit. If you have to send payment to someone who doesn't have a credit card machine or an online account, what else are you going to do?

The Check 21 Act is moving banks to a more electronic system if they choose to participate. This may become mandatory in the near future. Basically, when a bank receives a check for deposit, it scans the check's image and uses the routing information to complete the transaction electronically. Instead of sending the actual check through a clearinghouse to the account holder's bank, the check is scanned and destroyed. Float time is cut down considerably, which helps catch check kiters. Of course, this is great for the banks because they have a more accurate picture of their available funds and can invest them accordingly. If the customer wants to see the cleared checks, they are given image printouts or substitute checks instead of the actual check.

Hope this helps.

ScottieK