ArticlesReader.com Menu
Newest Articles
Most Viewed Articles
ArticlesReader.com RSS
Submit Article
Login
Signup
Search the articles

Articles Main Categories
Advice
Animals
Automobiles
Business
Career
Communications
Computer Programming
Computers
Entertainment
Environment
Family
Fashion
Finance
Food
Health & Medical
Home & Garden
Humor
Internet Business
Internet Marketing
Legal
Leisure & Recreation
Marketing
Other
Politics
Reference & Education
Religion
Self Improvement
Sports
Technology & Science
Travel
Writing
Subscribe
Receive alert message from us when new articles submitted to our site for free.

Enter your name

Enter your email

Syndicate

















Related Products
Home::Finance

How Will Check 21 Affect You?

Author : Shannon Jarvies

You may already be familiar with Check 21, a federal law that
goes into effect on October 28, 2004. If you're like me, this may
be something you hadn't heard about until just yesterday. The
Check Clearing for the 21st Century Act, otherwise known as Check
21, is the process of turning the checks your write into images and
transmitting them by computer.

What does this mean to you?

Expect the time your check clears to decrease drastically. If you live
paycheck to paycheck and often count on a one or two day "grace period" to get
funds into your account after paying bills, you'll need to re-organize your budgeting
process. Checks will clear in a matter of hours now, not days.

You will no longer be getting your cancelled checks back with your
bank statement. If you get anything at all, it will be a "substitute check"
which is a certain kind of copy of your original check.

You may be charged extra fees. It's possible that by using this method,
your check will be paid twice: once with the original and once with the
scanned image. Or there may be an error made in the amount a check
was written for in the process of turning an paper check into an electronic
check.

What you should do:

Re-organize your budget. You have to make sure that you have the
funds in your account to cover every check you write to avoid bouncing
any checks.

Request substitute checks. You will not be entitled to a credit to your
account if an error has been made unless you have a substitute check.

Balance your checkbook. If you are not in the habit of balancing your
checkbook with your bank statement each month, you need to start.
This will ensure that you'll find any mistakes that may have been made.

Learn more. Consumer's Union did not support Check 21. Find out why
and learn more about Check 21 HERE

Shannon Jarvies is a WAHM with five beautiful children and a wonderful husband.

She also runs a
Debt Management Website where you can find resources on how to eliminate debt
including debt consolidation, budgeting help and money saving tips and ideas.

Spam emails More free articles

Related articles


  1. Summer's Interest Rate Mystery
  2. Dirty Money; be careful what you touch
  3. Protect Your Assets and Your Financial Future
  4. Financial Freedom for Doctors
  5. Financial Freedom for Lawyers
  6. Is My Money Safe? On The Soundness Of Our Banks
  7. Annuity Transfer - What Are The Risks
  8. Love, Marriage and Money
  9. How To Reduce Banking Fees
  10. Turning Your Trash Into Cash
  11. Saving Money: Finding What Works for You
  12. Treat Money Well To Attract More
  13. Has Psychology Stolen Your Investing Objectivity?
  14. "Will That Be Cash Or Credit?"
  15. Time Out
  16. Getting Some Perspective On Your Avoidance Habits
  17. 3 Steps to Personal Financial Success - Part III: Save Some Money
  18. Creating A Realistic Business Budget
  19. Don't Buy The Government Grant Guides From The Joker Or The Joke Will Be On You
  20. To Factor or Not to Factor?
  21. How To Balance Your Checkbook Instantly!
  22. Why Are So Many Americans Financially Dumb?
  23. Data Mining
  24. We The People, Must Follow Through
  25. Feespeak
More related feeds
Michigan Taxes Too Much » The Danger of Caucus… and Card Check..
The Reality: “We simply cannot allow our competition to grow, innovate and thrive, and we will put you out as against public safety if you disagree.” Wages: “Our workers need to make a decent living, and MUST have a minimum wage to ...

Sundance 2009: Now with reality check! - HAL - Hollywood's ...
The 2009 Sundance lineup will be announced in about 30 minutes, which should give you enough time to read Eugene Hernandez's helpful primer for all 3600 of the feature filmmakers who submitted their work for the festival's approval. ...

Check it Out! This week @ the Door County Library | Door County Style
The table at the Sturgeon Bay library has a fast turnover, so you can check it each time you come into the library and the supply will be different. We ask that magazines be non-religious in nature; in good condition, ie. not musty, ...

plz plz urgent : check my application request - UsingEnglish.com ...
I would like to inform you that I have been nominated for the candidacy to receive a full educational scholarship in the field of Dentistry from Ministry of Higher Education In Saudi Arabia. The scholarship will cover tuition fess for ...

Coming full circle or a reality check? « Will Rhodes Portmanteau
It will be interesting to see it all pan out. You do have to take into account that American history isn’t that long. So, in one way, you have to commend the American people for coming full circle with the election of Barack Obama. ...

Spot Check – Seven Springs Pennsylvania | Snowboard Revolution
Most of the fascilities were recently overhauled or in the process of so you will find nice comfy rooms should you decide to stay. While the natural terrain has not changed to much at Seven Springs, one of the first resorts outside of ...

LANDesk Technical Community: Can Landesk check between legal ...
Re: Can Landesk check between legal license key and illegal license key? ldms_cleint on droppedpackets.org can gather Microsoft product keys and enter them into inventory. You will have to determine which one(s) are "illegal" in your ...

DevDream Webmaster and Developer Articles » Blog Archive » Check ...
Check it out for yourself, and you will see exactly what I mean. It is that good. I’ve seen a lot of websites that gave reviews of this site or that one, but never one that featured such a wide variety of interests, or provided such ...

OMG!!! Celebrities Record Hysterical Anti-Proposition 8 Musical ...
It doesn’t affect them and it would bring in money for the state (which is beside the point). To say children will be taught about and be turned gay is very silly. Explain to me how these people getting married in any way affects you, ...

Has Your Bonus Check Shrunk? | Laidback Babies
Did you know there is a free ebook available to you that will help explain why people struggle to generate a simple check from their home business? What about a free generic training program that will help to educate you on what to look ...

 


 

2007 articlesreader.com - All Rights Reserved