Well consider this:

1. Anybody can be a VP at a bank

2. No VP is ever going against Government regulations and Corporate dogma in the slightest way

3. Government and the banking industry are in total lockstep on writing new regulations that serves both THEIR purposes, first and foremost.

4. The concept of "know" your customer from a bank's perspective is baloney, they only know your identity so as to be able to recoup future funds

5. The Patriot Act was a great cover for the implemented "know" the account holder regulations, and exploited here. mainly because the public is gullible enough to fall for the spoon fed "Patriotic" fight against "terrorism".

6. Prior to all this new "security" theater, a check written would be received at the depositing bank, and then physically went thru the Federal Reserve Banking system, and was "cleared" after it was received at the check writer's bank.

9. EVERY check received at the check writers bank overnight was stamped "PAID" and the correct amount was deducted from the account.

10 The next morning, any accounts overdrawn, mostly had checks marked "paid" were removed as needed to make account no longer overdrawn, stamped again "Payment canceled", the amount returned to the over drawn account, and then physically returned to originating bank.

11. That process took time and effort, and why the banking day used to end at 2:00pm

12. it was hard to achieve over long distances and put banks at risk with their arbitrary check clearing deadlines and funds holds.

13. It was also costly and inefficient, including normal stop payment protection, discovering postdated checks, fraud signatures, etc

14. Technology created new solutions.

I15. It became possible to electronically within seconds to pay processed checks and move funds nationally.

16. The banking advantage was, they could still place limited holds on funds, and collect interest during the hold, even though the funds had been withdrawn from the check writers account.

17. A further advantage was they no longer needed to physically transport a check or stamp it paid.

18. Bank customers no longer receive a physical PAID check in their monthly mailed statements anymore.

19. In days past, the Bank could no longer reverse payment on a check not in their possession

20. Any check now can be returned electronically at ANYTIME thereafter

21. The concept of checks "clearing" no longer exists

22. What in reality happens today is checks only get returned whenever needed

23. In the future, if any previous check is returned and your account becomes overdrawn, they want to be able to find you and get paid.

24. They don't care who you are as any primary concern..