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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 ...

Banks are replacing paper-clogged, check-clearing systems with electronic-imaging networks, saving an estimated $2 billion annually. With the labor-intensive and somewhat-antiquated system in place ...

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 ...

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

WASHINGTON (CBS.MW) -- Debit cards, direct-deposit payroll and other technology taking the place of traditional check writing is forcing the Federal Reserve to streamline its check clearing operations ...

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.

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.