The "Check Clearing for the 21st Century Act" (better
known as Check 21) was established in October 2004
to modernize the U.S. payments system by streamlining
the way your checks are processed. The main objective
of Check 21 is to speed up check-clearing time and
eliminate the costs and risks of physically transporting
Check 21 allows financial
institutions to create and present a substitute check
for payment in place of the original check. This
new substitute check is an electronic copy of the
front and back of your original check that can be
printed for you at any time. It provides
the legal equivalent of your original check.
The time between writing a check and when it's
cashed generally decreases. That is, checks clear
your account faster than they used to do.
Many financial institutions no longer retain
and return your original checks. However, substitute
checks are always available in printed format
for you from your financial institution.
Your financial institution may charge fees for
checks that are not Check 21 compatible.
Text for the check dollar amount is preset by QuickBooks
to Arial 10 point font, black, and can't be changed (per Check 21 guidelines).
have the option to use other fonts for all other text on your printed
check, but you cannot use colors.
There are additional impacts for Check
21 wallet checks.
As Check 21 changes continue to evolve, Intuit monitors industry developments
and updates QuickBooks and the checking products supplied to individuals
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
Note: Intuit doesn't guarantee that Traditional wallet checks purchased
after August 1, 2005 are Check 21 compatible.
Learn more about
Determining check type for wallet