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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Follies who wrote (178865)	9/25/2021 8:42:25 AM
From: arun gera	Respond to of 217516

<The latest bill has the onerous burden of every financial institution required to report every balance and every transaction between accounts over $600, cumulative! > Hasn't Federal Reserve been in the loop for every check transaction by design? wallethub.com Traditional Method: This manual process still exists but is now a rare practice. It’s performed entirely via postal mail, which explains why clearing can take several days through this method.When you write a check, the payee deposits the check to his or her bank, which then sends it to a clearing unit such as a Federal Reserve Bank. The clearing unit then debits your bank’s account and credits the payee’s. From there, the check returns to your bank and is stored until it’s destroyed.