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

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 ...

When a big check hits your account, it can feel like instant breathing room, but the banking system does not move at the speed of your mobile app. Behind that "pending" status is a tightly regulated ...

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 ...

Bank customers will see very little change as the Check Clearing for the 21st Century Act comes to Grand Island, two local bankers said. The law, commonly referred to as Check 21, will become ...

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.