Treasury started sending out batches of EIP checks (stimulus checks) on Saturday, the 18th. A banker from the middle of the country contacted me to say his bank got its first EIP check (with the president's name on it, just as promised). The bank had been forewarned that a huge run of checks dated 4/24/20 was going out, starting Saturday and continuing until the millions of checks had all been picked up by the Postal Service.

The banker asked whether it was OK for the bank to cash or accept for deposit a post-dated Treasury check. I know that if the check had been drawn on another bank, I would have recommended not accepting it, since the other bank could return it for post-dating (assuming it would be presented before the 24th). But what about a check drawn on the U.S. Treasury?

There is no good outcome if the public hears about a bank that won't cash a bona fide stimulus check for a customer with proper ID. The public doesn't care about such niceties as the risks of taking post-dating checks.

we had a stamp made that said "prior endorsements guaranteed by John Burnett at BOL"

universally accepted!

Did I tell you there is a licensing fee for using my name? $100 per item stamped.

we spelled your name with just 1 "T" to get around that!