Learn about the Bank of First Deposit (BOFD) and its role in check processing. Discover key differences between "on-us" and "transit" items and how they affect your transactions.

Knowing when money will be credited to your checking or savings account is key for financial planning. While some factors may delay the process, most checks clear within one to two business days.

Learn what substitute checks are and how they streamline banking operations. These copies, made legal by the Check 21 Act, offer faster check clearing.

The Check Clearing for the 21st Century Act, or Check 21, took effect in 2004. This law allows banks to replace paper checks with digital copies of the originals. Check 21 was intended to eliminate ...

Convenience, time savings, faster access to cash — all of these are touted as benefits of processing the checks you receive from customers directly in your office. The procedure, known most commonly ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. When you deposit a check ...