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hot cocoa on the couch posted:yeah, but there was a bit more to it than that. banks used to take time to clear cheques, so one would often reconcile between bank statements and a chequebook. also, for bills and stuff, having pre-written cheques and pending transactions was important to know the money was going to be there to clear the cheque on time etc. Cheque fraud is still around and fairly rampant. People steal them out of the mail, alter the amounts, and cash them, and since 99.9% of the people who still mail cheques are really old and tech illiterate, they don't actually know that anything has happened for weeks. Apparently there are even shady cheque printing companies that will print cheques with whatever info you want and mail them to any unverified address, so you can just get a whole book of legit cheques with someone else's bank account number on them. In this day and age, paying some random person by giving them a slip of paper with your name, address, and account numbers on it is an incredibly dumb thing to do. GoutPatrol posted:no clue how money orders work I actually needed a money order fairly recently to renew a non-US passport at a consular office in the US. They wouldn't take any other form of payment, not even cash like they used to.
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Mar 13, 2024 03:54
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