I would like to know about automatic check clearing house(ACH) with some real time examples.?
396828
What exactly did you want to know?  ACH is a process where checks are scanned and the numbers at the bottom are used to deduct money directly from an account.  Generally the checks are destroyed and not returned to the person.  Normally you can look on your statement and it will have listed the check number, date, amount, etc.  This process is supposed to cut down on bad checks.  Hope that helps you.  My sister is VP of a local bank.  If you have any specific questions I can find them out for you.
199782
thousands of transaction per bank and millions nationwide, can be processed manually? what do you think?
67775
There are hundreds. Probably the most reputable is CheckIntoCash (http://checkintocash.com/). Bascially you write them a check, and they hold it for up to two weeks before cashing it.\n\nThe problem with all these companies is the fees they take. Many of the one-off places will charge much as 50% for the privilege, although I believe 20% is more the norm.\n\nConsidering how much you'll lose on the transaction, only do this if you really have no other choice.
1124883
On my online Banking Service, you can send a "check to anyone you have an address for. aaaww never mind I don't know squat about echecks
1131608
It's not possible.  The money is guaranteed by the company that sold it to you for the cash.  Money orders and cashier's checks represent as Cash on a balance sheet.  They cannot bounce like a check.
129872
Hmm...You appear to be an O level student. Anyways here goes:\n\n   Whenever we make a business transaction by check we record it in our books. For example if you issue a check of amount Y to Mr. X, you will record that $Y have been given to Mr. X in your ledger account of Mr. X. Mr. X will than take this check to your bank and will ask for money. The bank will verify the check than issue the money and record that amount Y from your account have been given to Mr. X. At the end of month the bank will send you a statement of all your transactions and you will be able to see this transaction with Mr. X. Now think what will happen if Mr. X does not immediately take your check to the bank but instead decide to cash it next month. In that case there will be a discrepancy between the bank's account and your account. Thus a statement is needed to reconcile your balance in the Cash book with the bank statement. This statement is called a bank reconciliation statement. \n     The need for it arises because of lack of communication between bank and the account holder.
660488
Sorry, there's no way to check My Answers from home.  You have to login to Novell to do that and you can only do that from a Radioshack terminal.  They were looking into allowing that from home but eventually decided it wasn't worth the risk for a hacker to come in and get social security numbers, paycheck amounts, checking account numbers, etc.
773468
Call your bank, they have copies of all checks written and deposited. They should be able to get if for you quickly and with minimum effort.
1031189
money orders are cashed like personal checks.
45478
www.ftc.gov/ftc/consumer.htm \nwww.fraud.org Protect yourself from clever scams! Please be EXTREMELY WARY of offers by distant strangers to send you a high value (but counterfeit) cashier's check/USPS Money order, and then have you wire the balance to them.  Banks will cash these counterfeit checks/USPS Money orders, but then hold you responsible for the funds when the check fails to clear!
276020
I like the self-service checkouts.  I don't have to deal with anyone.  Just scan my stuff, pay, and leave.\n\nIn the not-too-distant future, all store items will have RFID and you'll be able to just walk out of the store with your stuff and your bank account will automaticaly be appropriately debited.
1069361
Yes I had that happen yesterday. Telecheck is an electronic way of processing your checks, they send it through the computer and based on your banks routing number and your own account number it contacts the banks mainframe to verify that you have the amount in your account to cover the check you just wrote. it then puts a hold on the funds and you get your check back voided out. Walmart and a lot of companies are starting to do this now because of having problems with too many people writing bad checks that bounce like a rubber ball and then not being able to get in contact with them to collect funds that the store(s) were shorted. All in all it comes down to keeping the honest people honest, unless you live in a state where they have laws that if you write bad checks you can be arrested for it and proccessed for fraud.
991810
yes, there is one called kerclink. just hit this link below and join and play the games and you will accummulate clinks and they get converted to cash at the end of the month and once you reach $10 or over they send you a check. I have already received 4 checks since last year. \nhttp://www.kerclink.com/AffTrack.htm?MID=55164
580039
Most bank use chex Systems if not all banks now. Ma&#92;ybe your small town no names banks dont. try those.
459436
Maybe look into GASB34.  It's an accounting standard for government.  It is causing a lot of uproar because of what it means for asset management.  Hot topic right now.
772798
Your question is not very explicit. Your spelling of the word "cheque" indicates that the banking system is not in the United States, but I could be mistaken. However, my familiarity is with the US banking system, although I'm by no means an expert.\n\nPlease note that when I say "you" in the following description, I'm using the generic form of "you" and I'm not referring to you specifically.\n\nIn general, you must have an account at a financial institution in order to write a check. A check is simply a transfer of funds from one financial institution to another. \n\nWhen you (payor) write a check to someone (payee), they will either deposit the check in their own account or they may cash the check. The payee's bank (or financial institution) may let the payee have the funds immediately or it may place a "hold" on the funds for a period of time. If the payee's bank, or financial institution, gives the payee immediate access to the funds, it's because the payee's bank has a reasonable expectation that the funds will be good. For example, the payee may have sufficient funds in their own account so that if the check bounces, the bank will be able to recover the funds from the payee. The payee would then try to get the money from the payor to cover the shortage. \n\nIf the payee's bank places a "hold" on the funds, that means the payee does not have immediate access to the money. The bank will wait a specific number of days (usually 4-10 days) to give the check time to complete the transfer of funds. Each bank, or financial institution, has its own policy regarding how long it will place a hold and on what types of checks it will place a hold (e.g., out of state checks).\n\nThe time allowed to complete the transfer of funds between financial institutions varies depending on a number of factors. And there may be some individual idiosyncracies with specific financial institutions. I.e., all financial institutions are not created equal when it comes to processing payments.\n\nFor example, several years ago, I ordered a wire transfer of funds. I thought a wire transfer would be virtually immediate because the payment should go through electronically. What I learned was that the wire transfer would be sent to the branch of my bank that was closest to the branch of the payee's bank, but then it would be physically sent to the payee's bank -- either by US mail or, possibly hand-carried. This was an idiosyncracy of my particular wire transfer transaction.\n\nSo when the payee deposits the check in their account, the deposit is based on trust between the bank, the payee, and the payor. The actual funds have not yet transferred into the payee's account. It can be 10 days or longer (although it may be shorter now) and a check may bounce. Also, the payor may put a stop payment on a check, which may not be communicated to the payee's bank for several days.\n\nCashier's checks are an interesting item. I used to think that a cashier's check was like cash. It turns out that they're actually more like checks. The purchaser of a cashier's check may put a stop payment on the cashier's check and it can take as long as 30-45 days before a problem shows up in the payee's bank account. And cashier's checks are commonly used to send fraudulent payments. So you have to be very careful about receiving cashier's checks.\n\nIf you write a check and don't have sufficient funds in your account, when the payee's bank submits the check for payment your bank will usually debit your account for the amount of the check. Many banks will give you grace for your first one or sometimes two bounced checks. In other words, they will pay the check to the payee's bank. The payee won't know that you had insufficient funds. However, your account will be overdrawn and you have to cover the overdrafted amount, including overdraft ch
669257
Are you familiar with MS Money.  Has a great budget tool built in.  Might want to check it out