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UPS Discussions
Who does UPS bank with?
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 2450757" data-attributes="member: 12570"><p>Obviously this guy is a troll and not to be taken seriously.</p><p></p><p>As far as what bank UPS uses----I was told that they actually use 2 banks, one on each coast, and that they pay their East Coast employees out of the West Coast bank, and vice versa, making money (interest) on the time between the checks are cut by the employer and cashed by the employee---this is called the float. This may not be as prevalent today with the greater use of direct deposit and much quicker check cashing through EFT.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 2450757, member: 12570"] Obviously this guy is a troll and not to be taken seriously. As far as what bank UPS uses----I was told that they actually use 2 banks, one on each coast, and that they pay their East Coast employees out of the West Coast bank, and vice versa, making money (interest) on the time between the checks are cut by the employer and cashed by the employee---this is called the float. This may not be as prevalent today with the greater use of direct deposit and much quicker check cashing through EFT. [/QUOTE]
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