What Check 21 means to you
The Check Clearing for the 21st Century Act (better known as Check
21) was established in October 2004 to modernize the U.S. printing^setting up to print, . payments system
by streamlining the way your checks are processed. printing^setting up to print, . The main objective of Check
21 is to speed up check-clearing time and eliminate the costs and risks of
physically transporting checks.
Check 21 allows financial
institutions to create and present a substitute check for payment in place
of the original check. printing^setting up to print, . This new substitute check is an electronic copy
of the front and back of your original check, can be easily printed for you
at any time, and provides the legal equivalent of your original check.
Check 21 changes you may notice
Time between writing a check and when it's cashed generally
decreases.
Many financial institutions may no longer retain and return your original
checks. printing^setting up to print, . However, substitute checks are always available in printed
format for you from your financial institution.
Your financial institution may contact you about fees for checks that
are not Check 21 compatible.
Text for the check dollar amount is preset by Quickbooks
to Arial 10 point font, and can't be changed.
Note: You
have the option to use other fonts for all other text on your printed
check.
Text fonts printed on your checks can't be in color. printing^setting up to print, .
There are additional impacts for Check
21 wallet checks.
Intuit checks are guaranteed
As Check 21 changes continue to evolve, Intuit monitors industry developments
and updates QuickBooks and the checking products supplied to individuals
and businesses.
Intuit's guarantee: If you purchase
your checks from Intuit,
we will continue to protect you with our money-back guarantee that
our checks will be accepted by every financial institution in the
U.S.
Note: Intuit doesn't guarantee that Traditional wallet checks purchased
after August 1, 2005 are Check 21 compatible.
Learn more about
Check 21. printing^setting up to print, .
See also