They're probably allowing bounce time. CLIFFORD ILKAY wrote:

At 23:52 08/12/2003 -0500, Gary Layng wrote:

...

- kiting is illegal.

[snip]

... unless you are a bank:) I have never bought the lame excuses that banks give as to why it takes five business days for cheques that are deposited to clear versus why cheques the funds for cheques that I write are out of the account within 24 hours. Even for a cheque drawn on the same bank, in the same city, the banks claim it can take up to five business days for it to clear. Out of town or out of country cheques take longer of course. I was reading something recently about how the banks intend to do away with shuffling paper in the form of cheques and move to electronic clearing to speed up the process. It is about time!

Regards,

Clifford Ilkay Dinamis Corporation 3266 Yonge Street, Suite 1419 Toronto, Ontario Canada M4N 3P6

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-- The Toronto Linux Users Group. Meetings: http://tlug.ss.org TLUG requests: Linux topics, No HTML, wrap text below 80 columns How to UNSUBSCRIBE: http://tlug.ss.org/subscribe.shtml