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SMHarman · 17-10-2006, 15:50

It does not really work in the UK or anywhere these days as banks have redesigned their systems to cope with the concept of cleared funds and balances.
Back in the day, you wrote a check for $100000 on bank account A (in NY) and paid it into bank account B (in LA), while the banks sent the checks back and forth it showed as available to spend. In the mean time you wrote another check the other way and this balance never cleared in either account but you could spend it.

17-10-2006, 15:50	#329
SMHarman Inactive Join Date: Jun 2003 Services: Cablevision Posts: 8,305	Re: Reclaim Your Bank And Card Charges It does not really work in the UK or anywhere these days as banks have redesigned their systems to cope with the concept of cleared funds and balances. Back in the day, you wrote a check for $100000 on bank account A (in NY) and paid it into bank account B (in LA), while the banks sent the checks back and forth it showed as available to spend. In the mean time you wrote another check the other way and this balance never cleared in either account but you could spend it.