Thursday, September 08, 2005

california out of line with check 21

California governor Arnold Schwarzenegger has vetoed a bill which would have reduced bank check holding periods down to federal levels - you would have been able to get your money sooner!

With the advent of check 21 check clearing can be speeded up significantly. And you may have seen dollars leaving your account faster. Getting paid in checks quicker would seem to be natural consequence.

But those of you in California may have to wait just that little bit longer.