 Checks drawn on US banks are very quickly going to become a thing of the past
You will quickly see checks coming from Canada using US intermediaries such as U.S Bank, Harris, etc, stopping (the ones that cleared the same day). Replacements for this in the short term will be gift cards and checks drawn on foreign banks that will need to be sent out for collections. If you are not a top rated customer at your bank, they will be holding these checks for a few weeks minimum.
You can thank the largest book in the world and there complete and utter incompetence and gross negligence when dealing with bank rules for this news update.
When I read all the posts about blaming the books for having no way to play their players, I tend to disagree. While it is their responsibility to have your funds available on demand, there has to be a way for them to send them to you. This latest situation is going to make that, that much more difficult for them and this can be blamed on one book and one book alone.
TM |