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Also in response to JOEDLAN, Your comments about the huge expense to install ATM's etc. is also way off. I worked in the banking system many years, and ATM's were cost justified from the savings...

You miss the whole point. The check is drawn on their bank. They ultimately have to pay the check to someone (the 3rd party who received the check from their customer, or the 3rd party's bank when...

It is totally unethical. The bank is holding the money for their customer. Their customer executes a financial instrument conveying part of that money to a 3rd party. The bank on which that...