Checks losing &#39;float&#39;
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l Easier to bounce checks: Checks consumers write that used to take up to five days to clear will be debited from their accounts in just hours.
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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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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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WORLD TRADE:As area companies reap the benefits of China&#39;s raging economy, its central bank carefully steps on the brakes. BY PETER S. GOODMAN.
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BELFAST - A bank in Northern Ireland hit by a massive robbery said on Friday it was considering the drastic measure of taking several denominations of notes out of circulation as a means of preventing the criminals enjoying their haul.
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The old check float is about to sink.
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Writing a check a day or two before you have enough money to cover it will soon become a riskier money-management strategy, some consumer and banking groups warn.
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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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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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(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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The pound was steady after falling earlier on Tuesday.
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Investment bank misses estimates as trading income plunges, other units fail to pick up the slack. By Rob Cox, Breakingviews. LONDON (Breakingviews) - Morgan Stanley is the first to slip.
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Are you used to getting a fat envelope from your bank with all your canceled checks? Well, soon those checks may not be in the mail.
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Make sure YOUR wallet is the one getting fatter.
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By CHASE SQUIRES DENVER - Mary and Ray Smith can't make heads or tails of a new presidential dollar coin they found last week. It doesn't have either. A week after the revelation that some of the coins slipped out of the U.S.
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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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Consumer advocates are urging bank customers to be more careful about the checks they write now that new federal regulations designed to speed up check processing have taken effect.