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A Treasury Department edict that will force banks to change their check-clearing processes a year ahead of schedule is causing a furor in the banking industry. The Treasury’s plan to convert all paper ...

Last week, the Check 21 Act took effect, allowing banks to clear checks electronically and sets standards for the secure electronic transfer of check images between financial institutions. The Act ...

NEW YORK - High-tech changes in the banking industry will soon be affecting the most mundane of financial products, the checking account. On Oct. 28, banks will begin implementing the Check Clearing ...

Learn how to handle outstanding checks, recognize risks, and avoid financial pitfalls. This guide covers key strategies for managing liabilities and maintaining cash flow.

Learn which factors can affect a check’s hold time Lisa Goetz is a finance content writer for Investopedia. She typically covers insurance, real estate, budgets and credit, and banking and taxes.

Most checks clear within 2 business days, though some banks may hold funds for up to 7 days depending on the check amount and type. The first $225 of any check deposit must be available by the next ...