🚀 go-pugleaf

In <12979@exodus.Eng.Sun.COM> eager@ringworld.Eng.Sun.COM writes:
>
>I believe that there is a Federal Reserve Bank requirement that all checks 
>which are processed through the FRB
>have MICR encoding.  This doesn't mean that your checks won't be valid, it 
>only means that they will have take a long time to get to your bank.  If you
>are collecting interest, maybe this isn't a bad idea :-).  At least until 
>your bank starts to complain.
>-- Mike Eager

I am not a lawyer and I don't even play one on TV, but my understanding is that 
they really can't complain.  Or rather they can't make you stop.  Your bank is
required by law to surrender your money to whomever you designate when so 
ordered by you in writing (i.e. a check.)   The form of the check is irrelevent.
I remember a case where someone wrote the check on the side of a cow and the
bank had to honor it.  Of course it might take a bit longer to process your
checks (as noted above, this might not be bad.)  

With this in mind, doesn't the banking requirement that the back of the check
be written in only a box smaller than the average person's writing seem pretty
ludicrous?
-- 
Brian Utterback, Millipore Corporation, 75G Wiggins Ave., Bedford Ma. 01730
Work:617-275-9200x8245, Home:603-891-2536
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