Grandma's House

The banks are getting ready to eat up more of your money, gang. As of next month, the checks you write are going to clear your bank in record time, thanks to a new law passed by Congress unanimously. You won't be seeing the cancelled checks; the bank which gets them first is going to keep them. They'll send a copy of the check to your bank. This will cut the "float", or lag time, in half at least. Of course, they're not going to speed up the time it takes them to post your deposits. That would be the right thing to do. At least, for now, they're not planning to raise the charges you incur with a bounced check.