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New Check Law



 
 
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  #17  
Old October 13th 04, 05:30 AM
BTIZ
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What you're talking about is done by several stores now. The device that
the check is run thru does not scan the whole check, but only the numbers
along the bottom of the check. What you're basically authorizing is an
electronic funds transfer from your bank to the store just as if you used
an
electronic bank card. You're not required to allow this, you can ask the
store to accept the written check instead of going the transfer route.



And then they scan it after you've left and it has the same effect.. you
just don't get your check handed back to you.. but it does require them to
process it through the banking system.. but they put a "pending withdrawal"
on your account so they get first dibs on your money..

BT


 




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