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Happy 2024! I had been hoping to have a year-in-review for 2023 ready by now, but a combination of illness and travel bushwacked me in January. So instead of that, we’ll go with regular programming for today and return to that later.
Check cashing
An oversimplified explanation of check presentment
Depositing a check requires an extension of credit
How cashing a check works if you’re not banked
A brief aside about endorsement
Many people hate check cashing and everything about it
The internal logic behind that pricing grid
Persistent identities as a KYC possibility
Check cashing on phones
Check cashing, as a business, is a poorly understood "alternative" financial service.
We are not affiliated with Patrick McKenzie. This unofficial audio edition is available to listen to and share for free. Read the original on Bits about Money.
Duration
~31 minutes (30K characters)
Release date
Jan 30, 2024