Re: Wonder how this will impact UK banks with no US presence?
If you're in the UK and are owed vehicle excise duty after you've sold the vehicle, it will arrive by cheque (I'm looking at one here for a whole £11.30 after I sold a motorcycle). It was only last year for the first time that money owed to me by the Inland Revenue (yes!!!) was paid electronically; prior to that it was always a cheque.
Biting the hand that feeds IT
