Checks to clear faster than they can float soon
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Under new federal legislation called the Check Clearing for the 21st Century Act, also called Check 21, the time taken for checks to clear will be much quicker than in the past.
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(New York-AP) Oct. 28, 2004 - Don&#39;t write a check you can&#39;t cover now. A new check processing system went into effect Thursday that speeds the time it takes for a check to clear.
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Horace Small knows it's a bad idea to write checks without enough money in the bank to cover them. But with property taxes and car insurance making huge dents in his income, the neighborhood organizer occasionally relies on the &quot;float&quot; -- the two or three days it takes for checks to clear -- to juggle all of his payments.
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On Thursday, banks will begin implementing the Check Clearing for the 21st Century Act, better known as Check 21. The law is designed to speed up the processing of many of the 40 billion checks written each year.
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NEW YORK - High-tech changes in the banking industry will soon be affecting the most mundane of financial products, the checking account.    On Oct...
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Get to them before everyone else does.
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It is two days before payday and you are almost out of gas. To pay for it, you write a check. You hope it takes two or three days before it hits your bank, and by then, your paycheck will be deposited.
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A simple strategy can get you out of debt faster.
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By Seattle Times  Jun. 20--It may soon become easier to know how long your wait will be at the Canadian border.
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Starting Thursday, if you write a check, the money had better be in the account to back it up. The cash could be coming out quicker.
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It's possible to find out quickly which fish to buy and which to avoid.
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By Bert Caldwell, The Spokesman-Review, Spokane, Wash.  Feb. 8--Worrying about water when the morning air is so saturated you cannot see a block ahead may seem strange, but why wait for spring runoff?   And there will be a runoff, for which no small thanks is owed.
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In the next few weeks, consumers will start receiving notices from banks and other financial institutions about changes to their checking accounts.
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A new law that takes effect today will shorten the time a check takes to clear -- and muddy the finances of check writers who rely on the &quot;float.
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Fighting clutter? Here's how to clear it out.
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Every IT initiative should have security reviews early and often, says Mathias Thurman. Waiting can result in applications with gaping security holes &mdash; costing money and causing delays.
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Some consumer advocates are worried new check regulations that go into effect today will catch consumers by surprise. Checks will now be cleared electronically, reducing the amount of time