[dirtboy]

No more float.

For us. Banks, however, will still sit on out-of-state checks instead of clearing them faster.

And here's another racket they came up with. When they post transactions, instead of posting them in the order they happened, they re-sort them from largest to smallest - so if you, say, forgot to write down a $200 check and had three debit-card transactions for $20, the $200 would clear first and then the three smaller transactions would bounce, which generates more fees.

[Tuscaloosa Goldfinch]

That happened to me last year (blush) I forgot to account for a check I wrote, and they paid the largest first, and then force paid the smaller ones. I called when I discovered this and questioned them about it, and their answer was that they pay the largest first, assuming that the customer would want his housepayment paid rather than a check to the grocery store.

I don't know that I agree with this -- I'd rather call one company and apologize than call three.

[maui_hawaii]

Banks, however, will still sit on out-of-state checks instead of clearing them faster.

Nope.

Thats the whole point of Check 21.