The future of check flying

[TheDogsBollocks]

Hey Guys,

Anybody with an opinion or knowledge of the future of flying cancelled checks in the "wild black yonder"? With the increase of online banking by all the banks I would suspect it will be going the way of the Do Do!

If this appears to be the case I think a lot of pilot's are going to be in a world of hurt!

 

[CitationLover]

bag flyers

my bags keep getting bigger and bigger.......

 

[TheDogsBollocks]

Lucky boy!

 

[Oldfreightdog]

20 years ago the paperless office was going to put the papermills out of business and I was flying checks from JFK to YUL or YYZ in either a Cherokee 6 or an Aztec.

I flew the contract for 2 different companies at various times in my career.

Routes may change, combine, split, etc but I don't think the meeting of Fed deadlines via air courier it will ever go away.

Just my 2 cents...I'm no banking profitability analyst.

 

[210FR8DOG]

I've often thought that even though the technology is there, maybe it's just that no one has come up with an efficient, cost effective way to get rid of the check flying. Maybe once a big player like Bank of America sets a standard for another way of doing it, all the others will follow and we'll all meet at that truck driving school and drive the salaries down there, too!!! I continue to write as many checks as I possibly can. With the bills I have, I think I support my own 10 pound bag of checks to keep the flying goin'!!

Jeff

 

[starcheck1]

Just like all the VORs and NDBs were set to be phased out.....who knows when the checks will go away...not soon I hope. With the blackout in the Northeast I thought maybe this would scare a few away from electronic transfer of checks....a few dollars in interest would have been lost if we were not out flying as usual. It didn't look like any electrionic tranferring was happening over in New York city when I took off that night.

 

[Publishers]

Exist

It will go away when it does not benefit someone for it to exist. The technology has been here but there are some major players who get an advantage from it and so it continues.

 

[upndsky]

In most cases, the interest a bank pays on just ONE bag will cover the cost of flying it. I know this because I've flown my share of extra charters hauling just one or two bags when a courier was delayed and couldn't meet the regularly-scheduled run.

The overall bag counts may decrease (and I haven't seen evidence of that yet) but I don't see check flying going away soon.

 

[upndsky]

I meant to add this to my other reply, but the only real concern I see is the consolidation that occurs when banks merge. Processing centers close and instead of having two planes fly to two different locations, you have one plane flying all the work to one place.

 

[210FR8DOG]

Do any of you guys haul weird stuff too like promotional crap, posters, coffee etc. I hauled 4 big bags of Beanie Babies once!! They think I fly a C-5!! Freaks! And yes, my bags get bigger and heavier too. It's not going away soon. (I hope)

Fly safe,

Jeff