Letter: Bank delays

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Sir: Several friends of mine who work in banks have lost their jobs in recent years along with thousands of their colleagues. They are replaced by automatic systems based on computers. A computer can verify the state of my credit in seconds from a Tesco check-out desk.

Can anyone explain to me why a bank cannot verify the credit of a cheque I pay in to my account for what they euphemistically call four working days? The system seems classically designed by banks to hold on to money and gather its interest.