how did banks clear checks and get funds from other banks before computerization?
In: 6540
Fun story. When I was a kid my parents shopped at an Air Force Base commissary, back when they had great prices and no tax. Cigarettes were around $10/carton so they did a ton of business.
Well, one day they got robbed and the thief took off with a huge bag of checks (accidentally I assume)
Everyone who wrote a check that day essentially got their groceries for free because there was. I way to process missing checks.
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