OT Online banking rant

[Jim T]

I still don't get it but I think I'll politely back out of this one. Good to here you're not bouncing checks.

Jim

[Metspitzer]

I may not have been too clear. The check I issued did not bounce. It was returned (refused) for a better description. It was not insufficient funds. The address could have been wrong. I don't have a definite answer as to why it was not delivered.

[Metspitzer]

He once won the lotto and was broke after 3 months. He said he spent some on fast women, some on fine wine, and some on expensive cigars. And he said he just wasted the rest.

[George]

When you pay online the bank transmits that info to a third party service who either makes an electronic payment to the payee if they are setup to do that or prints a paper check and mails it to the address of record. Businesses typically hire a third party to operate a lockbox service "PO box 909090, Smithville, MN" and from what he described they likely changed the lockbox service to someone else and the check was returned as undeliverable.

[Metspitzer]

That is good advice