how did banks clear checks and get funds from other banks before computerization?
In: 6540
If I recall correctly, one avenue for young, newly-minted commercial pilots to build hours/make money was to fly interstate checks for banks overnight. They would literally pickup bags and bags of paper checks from banks during off-hours and literally fly them overnight to their destination so they could be processed-through in the system. Not sure if there is still such a market for this, but I know people still right checks and they have to be physically transferred between states (I think).
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