eli5: Why can’t banks call each other to velidate availability of funds? 271 viewsJanuary 2, 2024 Question100.55K August 30, 2022 0 Comments Why are there laws to place such long holds on checks(10days)? Can’t the receiving bank simply call the bank where the check originates from and velidate it themselves? In: 5 8 Answers ActiveNewestOldest Anonymous Posted August 31, 2022 0 Comments Why would they? What’s wrong with the existing standard of simply waiting a certain amount of time? You are viewing 1 out of 8 answers, click here to view all answers. Register or Login
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