Posted by: The Best Money Blog
I’ll give you my answer right now, yes. Back in the old days, before Al Gore invented the Internet, people balanced their bank accounts using a pen and paper. This is not how it is done today.
More and more, people are relying on services like Mint.com to keep their finances in check, and it is only going to continue in this direction. By not cashing checks immediately, you are basically giving people the idea that they have more money than they do, and while I realize you are not responsible for their finances, there are other negative consequences as well.