Learn what substitute checks are and how they streamline banking operations. These copies, made legal by the Check 21 Act, offer faster check clearing.

Knowing when money will be credited to your checking or savings account is key for financial planning. While some factors may delay the process, most checks clear within one to two business days.

The Check Clearing for the 21st Century Act, or Check 21, took effect in 2004. This law allows banks to replace paper checks with digital copies of the originals. Check 21 was intended to eliminate ...

Convenience, time savings, faster access to cash — all of these are touted as benefits of processing the checks you receive from customers directly in your office. The procedure, known most commonly ...

New system could save industry $2.1 billion a year From left, Charles Robbins, Jose Luis Rojas and Billy Ray Williams sort boxes and bags of checks during the 2 p.m. exchange at the National Clearing ...

Remember back in the day when you wrote a check and you could count on at least a few days before it was cleared by your bank? That "float" bought you time to deposit a check to cover funds for one ...

A new law designed to reduce the time it takes for checks to clear has not resulted in an unusual number of overdrafts, a spot check of local financial institutions indicates. The Check Clearing for ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. When you deposit a check ...