This has resulted in what some term the bourgeois bohemian or boho, who with money and status. Often, bohemian communities will spring up in diversely populated areas where rent is cheap and freedom of expression is high. This element might even rejuvenate a community, unintentionally driving up real estate values.
For example, some banks allow customers to place ACH stops either by phone or in person, while others accept a faxed stop payment form. To process a stop, the customer provides account information, the name of the merchant and the exact amount of the payment. The fee for stopping checks varies between institutions.
The ACH entry is sent to your bank, which places a hold on your account for the amount of the payment. Within a few days, the ACH entry is processed, and the money transfer is complete. An ACH transaction does not happen instantly: It can take several days for the receiving bank to reconcile and settle the transaction.