Getting loans.. (WAY off topic)

[Peter Gargano]

Peter D. Hipson wrote:
> Open an account at bank A, with $100. Go to bank B, open an account, with
[snip]
>write a check on A, for $75, deposite in B.
>immediately before the first check clears,
[snip]

I can't see how cheque "kiting" can work in the real world these days?
What kind of bank has a zero cheque clearance period? Any bank I know will 
only give you cash up to the value of your "cleared" funds.

Actually, (in Australia) if you deposit cash and ask for a bank cheque,
then deposit that cheque in another bank, the second bank will (as with
all cheques, bank or otherwise) impose a clearance period, UNLESS you ask 
for immediate clearance requiring a bank fee ($20 sort of figure). This is 
the case even if the banks are right beside each other.

It's just like the casino - the banks can't lose!

regards,
-- 
Peter Gargano