Bank of America Corp. has started testing later deposit deadlines for consumers.
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The Charlotte banking company said last week that the program reflects the fact that electronic processing of transactions, especially paper checks, has accelerated.
B of A customers in Maryland, Virginia, and the District of Columbia can make deposits on weekdays through automated teller machines until 6 p.m., or in branches until 5 p.m. (6 p.m. on Fridays), and receive credit that day.
"Technology does allow processing to be faster now," said Terri Bolling a B of A spokeswoman.
