Coming from a country where we don’t really use checks, it seems absolutely ludicrous to me that banks would allow this kind of loopholes in their systems in the US. Shouldn’t it be mandatory that the bank can verify the existence of the funds before allowing withdrawals?
Ideal weight/height ratios on this super old scale I found
6horrigoth OP t1_iyefga2 wrote
Reply to ELI5 why fraudsters like Anna Sorokin managed to deposit bad checks and immediately withdraw cash elsewhere without banks stopping it? by 6horrigoth
Coming from a country where we don’t really use checks, it seems absolutely ludicrous to me that banks would allow this kind of loopholes in their systems in the US. Shouldn’t it be mandatory that the bank can verify the existence of the funds before allowing withdrawals?