Common Sense vs. Belief -- It's the liquidity Stupid
Reader comment on: Amalgamated Versus RiteCheck
Submitted by Joseph Coleman (United States), Aug 13, 2012 15:45
Grateful to this blog for pointing out the unconscious prejudice operating in the Times story. Another omission is the misleading conflation of deposits with check cashing. When a bank 'accepts' your deposit, they do not provide immediate funds availability for the check. They will give you access to the amount of funds already available in your account, but not for the check deposited. One cannot compare a 'free' deposit against the immediate unconstrained funds that result from a check cashing transaction.
Note: Comments are moderated by the editor and are subject to editing.
Submit a comment on this article
Other reader comments on this item
Comment on this item