Check 21

A new federal law – Check 21 – goes into effect on October 28, 2004. It means some changes are in store for the way your paid checks are handled. These changes will mean:

  • Faster check clearing
  • Less paper
  • Increased security
By October 28, 2004, if you receive your canceled checks back in your monthly statement, you’ll notice some of the checks look different.

These Check 21 changes mean automation will be used to electronically clear and post checks faster, more efficiently. Physically transporting checks across town, the state or across the country will be a thing of the past.

Q: What does Check 21 do, and why should I care?

Q: What, exactly, is a “substitute check”?

Q: Why not just keep sending back to me my own canceled paper checks?

Q: Does Check 21 preempt state law?

Q: Does this mean I won’t be getting back my canceled checks?

Q: What if I need a copy of my canceled checks?

Q: What happens to my original check?

Q: What if there’s an error involving substitute checks?

Q: What are the implications for my account management practices.

Q: Can I still use my checkbook checks?


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