Banks Begin Paperless Check Clearing
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Oct. 28 - New banking rules usually go unnoticed by consumers, but a change going into effect today is going to cost consumers plenty.
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New federal regulations designed to speed up the processing of checks went into effect on Thursday, and consumer advocates advised Americans to be more vigilant about monitoring their accounts.
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A new law allows consumers to check their credit once a year without charge
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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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New identity checks are to be introduced to safeguard homeowners against property fraud.
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Bank of America online customers will soon be able to use their cell phones and smart phones to check account balances, pay bills and transfer funds.
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Every night, millions of cashed checks fly around the country, headed for their home bank. Starting Thursday, technology will begin grounding many of those flights.
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Under a federal law that will take effect Thursday, the grace period between the time the check is written and when the money is debited from the account.
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The days of writing a check and scrambling to the bank within a few days to cover it with a deposit are coming to an end. The paper check is going high tech.
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This afternoon I went to deposit a check at my ATM (bank to remain nameless, but itâs a big one). Instead of asking for the deposit envelope as usual, the screen said âinsert check,â Confused, I looked around, wondering what to do (I had already sealed the envelope), and someone said âthey donât take the envelopes anymore.â
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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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Brownwood Bulletin. &quot;Check 21,&quot; a federal law allowing the nation&#39;s banks to more efficiently process paper checks electronically, went into effect Thursday, but three Brownwood bankers said
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Business & money: The resilience of coins and notes as a favoured way of paying will be put to the test again, following the launch of contactless payment cards in London.
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Changes are bringing Americans closer to a checkless society -- changes that could be costly if you aren&#39;t careful. The first checks in the United States were
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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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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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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.