In terms of how the system works, there were questions about why it takes time, where the money is, and so on. As Terry mentioned, it is a very sophisticated system. Your financial institution will take in all of the cheques that is has that day and process them that night. The cheques go to a processing centre, are sorted by financial institution, and so on. It's quite a sophisticated system, and I would really encourage you to ask the CPA more about how it works in terms of detail. We'd also be quite happy to invite you down to have a tour of some of these cheque processing systems.
