i don't get it. If you apply by paper how do you know yea or nay right then and there? Maybe i misunderstood your point but you still have to wait to find out like anyone else.
Me neither, they cash all checks upfront, then refund if not drawn.
Because it saves you a week of being stressed out checking your account 100 times a day waiting for that one pending charge that never shows up. With a check you just wait for the results and you know on the spot.