marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 8,503
We pay 99% of our bills online through our bank's online service. Most vendors accept payment via electronic transfers. But some, like our landscaper, snowplow guy, electrician etc are too small for that so when we pay them online, the bank mails them a paper check.
Here's the thing: if I tell the bank to pay the landscaper on November 12, sure enough, exactly on November 12 there's a debit for that check in my checking account.
The thing is, I strongly suspect that my guy hasn't received and cashed that check exactly on the due date but instead the bank has just made the debit. Its just too predictable.
The actual physical check could still be in his mailbox, lost or whatever. Back when we mailed him a check ourselves, we knew he'd sometimes wait a few weeks until he had a batch of checks to cash.
Anyone know how this really works?
I'm not worried about paying on time but wondering about the mechanics of it.
Here's the thing: if I tell the bank to pay the landscaper on November 12, sure enough, exactly on November 12 there's a debit for that check in my checking account.
The thing is, I strongly suspect that my guy hasn't received and cashed that check exactly on the due date but instead the bank has just made the debit. Its just too predictable.
The actual physical check could still be in his mailbox, lost or whatever. Back when we mailed him a check ourselves, we knew he'd sometimes wait a few weeks until he had a batch of checks to cash.
Anyone know how this really works?
I'm not worried about paying on time but wondering about the mechanics of it.
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