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In response to
"not necessarily, with all-electronic clearing. I've deposited checks where the money is out of their account within 24 hours"
by
znufrii
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This kind of fraud would be more difficult to detect (and that's a pretty long time for clearance you've experienced. Usually it's just a fixed
Posted by
pmb (aka pmb)
Aug 10 '09, 13:53
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number of days (1 or 2)). This would likely take longer to detect if there were sufficient funds in the account.
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