|
|
|
|
|
|
by ams6110
4963 days ago
|
|
|
Used to work that way. Not anymore. Routing number and account and amount are sent electronically to a check clearinghouse and the money is transferred sometimes the same day or even close to real-time. The paper itself gets scanned, and the original shredded. See http://en.wikipedia.org/wiki/Check_21_Act |
|
|