Clear every check, money order or cashiers check before allowing funds to be withdrawn

To: Old National Bank President

It has been stated that your bank runs a checking system that allows people to withdrawal funds from any check, money order, or cashiers check before the check is cleared. Your company believes and has stated that the consumer will refuse to do business with your bank because they do not want to wait for checks to clear.

Your company claims to give trust to the consumer that every check, money order or cashiers check the consumer deposits is legitimate. Due to this trust given to the consumer, the bank will deposit the check into the account without checking the legitimacy of the check unless it looks suspicious to the bank, or the consumer makes the bank aware of his or her suspicion.

Im sure your aware that the internet continues to grow every day with more and more business conducted online. The consumer understands that accepting checks, money orders or cashiers check from familiar or unfamilar parties, online or off, is a part of business. The consumer should not have to take extra steps of caution to inconvenience himself or his business in order to clear a check.

The undersigned, herein, believe that we as consumers are willing to wait the time allotted to determine if a check, money order, or cashiers check is cleared. We prefer our check to be cleared before the funds can be withdrawn. If a check is not cleared and we choose to withdrawal money from the account, we would like to know at the time of the transaction, that the money being withdrawn is based on trust.