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freddy_guy t1_iyeu31u wrote

>couldn't you just have a bank manager Make a quick phone call to see if she even has $100,000 in her account?

That would not be a "quick phone call", and you would need to make large numbers of such calls each and every day.

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Cetun t1_iyeulyf wrote

That sounds like a problem with the banking system that they can't do that. They don't keep $50,000 in their drawer, while they're going to check out 5 stacks and the bank manager is going to have to authorize that anyways. You won't have to do that A lot of times it would only be under the circumstances where someone is coming in to the bank who has a relatively new account, whose first or second deposit is $100,000 check.

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grimgaw t1_iyf0qmi wrote

If only one could devise a computer system which does that automatically...

In the UK you can check your account balance on any bank's ATM. Clearly they share that information here. Why not in the mighty USA?

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