Check 21 Might Cost Us More Than It Actually Saves

When the United States Congress decided that it was better to use the electronic superhighway to deal with physical bank checks, everyone was in jubilation. This is because we don’t have to wait for a few days before the checks can be withdrawn as cash.

Unfortunately, there are some problems with the new system. Since everything is done electronically, we should be getting lower fees, correct? Yes. However, they aren’t budging. It seems that they’re more interested in using the savings for more lucrative deals than give it back to American citizens. So much for trust in the banking system. Anyway, let’s hope that better provisions come about with this world crisis at hand.

Leave a Reply