New law sinks old practice of floating your checks
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Floating a check became riskier Thursday under a new law that makes it possible for banks to process them in a matter of hours, rather than days.
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SAN FRANCISCO (CBS.MW) - The Check Clearing Act for the 21st Century, or Check 21, goes into effect this Thursday without a visible hitch.
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Dangerous new ways to try to steal your money are in progress.
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The Motley Fool - Like many people, you may have been resisting entering the age of online banking, perhaps not wanting to pay your bills electronically. But whether you like it or not, later this month financial institutions and many merchants will be taking a big step closer to a more paperless society. We have the "Check Clearing for the 21st Century Act" (referred to as "Check 21" by those in the know) to thank for this.
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New "Check 21" rules may soon be changing how your bank serves you.
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It takes more than just collecting a check every month.
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New laws could increase your family's tax bill.
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Consumers may notice their monthly bank statements are considerably lighter now that banks no longer have to return paper checks but instead can return digital images or substitute versions of the checks.
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The Check Clearing for the 21st Century Act - commonly known as Check 21 - went into effect on Thursday. It&#39;s important for you to know about this important change in the nation&#39;s banking practices.
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For the first time, Americans' use of credit cards, debit cards and other electronic bill paying has eclipsed paper checks.
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It will soon be riskier than ever to write a check if you don&#39;t have money in the bank to cover it. Under a law that goes into effect Oct. 28, banks that get checks will be allowed
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The Check Clearing for the 21st Century Act, or Check 21, takes effect Oct. 28. It is supposed to make check processing faster and more efficient by allowing banks to replace your paper checks with legal substitute
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What you do with money accumulating in your checking account is important.
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you know, writing a check a day or two before there&#39;s enough cash to cover it -- will soon need to find new tricks for juggling the bills.
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Tired of big banks? Here's an alternative.
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I&#39;ve been explaining quite a bit of late about a new federal law that allows banks to convert your checks to digital images. Banks aren&#39;t the only businesses using electronic means to process paper checks.
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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.