I have several accounts with various banks. I use online banking with all of them. I set a date when I want the payee to recieve their check. When the payee has received and deposited the check the amoount is then deducted from my account. With Chase they deduct the amount 5 days prior to the checks anticapated delivery date. So they sit on the money making more money until the check is cashed. If the check does not not cash then it is up to you to request a refund. I send about $20,000 a month in business checks imagine how much money they are making on the other 10,000, 000 that bank with them.
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