The Convenience of Checks

A chat broadly speaking is a way for you, the tenant to authorize your landlord and their bank to debit the rent money every single month from your account. Professor Yada: It's a system that comes to trade offs. The check clearing system today is a pretty slow system, at least one to two business days for that money to launch your account. And many different payment schemes that we have enabled by private money, credit cards, ACH systems that we'll talk about shortly.