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Check Hauling --- Could This Be The End Of It  
User currently offlineAtcboy73 From United States of America, joined Sep 2001, 1100 posts, RR: 2
Posted (10 years 11 months 1 week 2 days 12 hours ago) and read 4320 times:

I was listing to NPR on the way home and they were talking about a bill or something that Bush signed today that allows all banks to process checks electronically.

Working for a night check hauling operation is a major was for young pilots to get experience.

NPRs take on the new found ability of banks to do this is that it will end their need for the night check hauler and make it harder for young pilots to get multi-engine time now.

I wonder if this is the end of all those night check haulers? There really are quite a few of them.

6 replies: All unread, jump to last
 
User currently offlineFlyingBanker From , joined Dec 1969, posts, RR:
Reply 1, posted (10 years 11 months 1 week 1 day 5 hours ago) and read 4216 times:

At work they announced this yesterday. While a great deal of banks are already practicing this, there are an even larger number who do not have the capacity to receive electronic images of checks which is how they are processed currently. The word is most financial institutions will not be able to comply for several years. I don't think the end is near....not quite yet at least.

User currently offlineBruce From United States of America, joined May 1999, 5057 posts, RR: 15
Reply 2, posted (10 years 11 months 1 week 1 day 4 hours ago) and read 4157 times:

Let me guess......that would be an airline called US Check ???


bruce



Bruce Leibowitz - Jackson, MS (KJAN) - Canon 50D/100-400L IS lens
User currently offlineSunValley From , joined Dec 1969, posts, RR:
Reply 3, posted (10 years 11 months 1 week 1 day 1 hour ago) and read 4079 times:

Bank Runs, as it used to be called were quite prevolent in the past.
Sometimes a group of banks would get together, and underwrite the operation of a "Bank Run" operation in a given geopraphical area. Usually a young pilot would operate a Twin Engine aircraft throughout a "state", stopping at most
cities, sometimes only 15-20 miles apart. IN the 70's & 80"s banks were confined to intra-state opeations only, and could not have branches owned by the same compnay interstate. Hence- Bank of America-Nevada, Bank of Ameirca California, Bank of America Arizona etc.
Usually at airports, a Check Safe was installed, and at the end of business each day, the banks would ready their checks for pick up by a secuirty company, who would deliver them to the airport safe. As the bank run would get underway, the pilot would stop at each airport, & pick up checks at each stop, and take them to the processing center in bulk. Many young pilots would receive large amounts of flying hours for this. This practice has become less prevolent, today, but in some areas it still is in motion.


User currently offlineAtcboy73 From United States of America, joined Sep 2001, 1100 posts, RR: 2
Reply 4, posted (10 years 11 months 1 week 1 day 1 hour ago) and read 4066 times:

Man SunValley you seem to know your stuff.

Does anyone know what other companies do this kind of work.

Im guessing they might be

Texstar, Telesis and Amflight? I may be wrong.

Anyothers?


User currently offlineCactusA319 From United States of America, joined Jan 2000, 2918 posts, RR: 25
Reply 5, posted (10 years 11 months 1 week 21 hours ago) and read 3983 times:


AirNet and BankAir are two that operate out of MDW.



User currently offlinePilotpip From United States of America, joined Sep 2003, 3150 posts, RR: 11
Reply 6, posted (10 years 11 months 1 week 8 hours ago) and read 3913 times:

AirNet is a huge company, they have bases everywhere. The one I'm familiar with is CPS. There are a couple companies flying checks out of STL every night in BE58s and Twin Commanders. Another company that comes to mind is Flight Express.


DMI
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