how did banks clear checks and get funds from other banks before computerization? 497 viewsJanuary 3, 2024 Question99.16K April 8, 2022 0 Comments how did banks clear checks and get funds from other banks before computerization? In: 6540 19 Answers ActiveNewestOldest Anonymous Posted April 8, 2022 0 Comments Cheques are delivered to a clearing house, and then presented for payment to the bank they’re drawn on, who adjusts their ledger appropriately. The banks would then workout who owed what to whom and settle the balance between them. You are viewing 1 out of 19 answers, click here to view all answers. Register or Login
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