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

Cheque Clearing Process In Banks: From 4 October 2025, there is going to be a revolutionary change in the process of cheque payment. Where earlier you had to wait for a day or two, now this work will ...

"There are fewer people handling the check and that lessens the opportunity for loss, fraud and/or confusion in the check clearing process,'' he says. Although merchants have already begun back office ...

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 ...