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RE: Why Steemit has the elite trembling.

in #news7 years ago

Good cash flow tip. Back before the Check 21 Act in the US (law allowing banks to clear electronic versions of checks rather than physical checks), I had a co-worker who would go through her book of personal checks when they got a new box, and use an eraser to smudge the MICR strip at the bottom which contained the ABA and bank account number.
After she wrote the check and the payee deposited it, the bank MCIR reader couldn't read the strip and they had to process it manually, gaining about 7-10 days of float.

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It's amazing what people figure out to do with different systems!