If I were to receive a paper check from FastCash4Bitcoins, I can deposit that and (depending on my bank's funds availability policy) have that cash available for spending with my bank debit card, or withdrawal at either an ATM or from the teller at the time I deposit the check.
But the paper check first needs to be sent via the mail, so that causes an unfortunate delay.
Might there be a way that I can print the paper check myself? I can buy a MICR inkjet cartridge (or MICR toner, available for some laser printers) and blank check stock:
- http://www.amazon.com/500-Blank-Check-Stock-Green/dp/B0018OZEHG
So if I were to receive a PDF from FastCash4Bitcoins.com (with signature) then I could print it and head on over to my bank (or any other place that will cash it) and have the funds tout de suite.
Thoughts?
That is not possible. To avoid check fraud we use Electronic Positive Pay and there are certain restrictions on how we can print and issue checks. I can't discuss details but there are printing characteristics which if missing or different from the EPP file would result in a fraud hold.
An alternative would be ACH. Our overnight ACH service is very fast, and much cheaper than a bank wire.
However generally speaking abracadabra is correct. MICR toner is no longer a requirements. Virtually all banks support optical scanning and any check printing software should be able to print optically valid checks.