{"id":1655,"date":"2009-12-31T12:12:06","date_gmt":"2009-12-31T06:42:06","guid":{"rendered":"http:\/\/www.niftylivecharts.com\/blog\/?p=1655"},"modified":"2009-12-31T12:12:06","modified_gmt":"2009-12-31T06:42:06","slug":"how-does-check-21-affects-you","status":"publish","type":"post","link":"https:\/\/www.niftylivecharts.com\/blog\/how-does-check-21-affects-you\/","title":{"rendered":"How does Check 21 Affects You?"},"content":{"rendered":"<p>The\u00a0Check Clearing for the 21st Century Act, otherwise known as Check\u00a021, is the process of turning the checks your write into images and\u00a0transmitting them by computer.<\/p>\n<div id=\"_mcePaste\"><strong>What does this mean to you?<\/strong><\/div>\n<div id=\"_mcePaste\">Expect the time your check clears to decrease drastically. If you live\u00a0paycheck to paycheck and often count on a one or two day &#8220;grace period&#8221; to get\u00a0funds into your account after paying bills, you&#8217;ll need to re-organize your budgeting\u00a0process. Checks will clear in a matter of hours now, not days.\u00a0You will no longer be getting your cancelled checks back with your\u00a0bank statement. If you get anything at all, it will be a &#8220;substitute check&#8221;\u00a0which is a certain kind of copy of your original check.\u00a0You may be charged extra fees. It&#8217;s possible that by using this method,\u00a0your check will be paid twice: once with the original and once with the\u00a0scanned image. Or there may be an error made in the amount a check\u00a0was written for in the process of turning an paper check into an electronic\u00a0check.<\/div>\n<div><\/div>\n<div><strong>What you should do:<\/strong><\/div>\n<div id=\"_mcePaste\">Re-organize your budget. You have to make sure that you have the\u00a0funds in your account to cover every check you write to avoid bouncing\u00a0any checks.\u00a0Request substitute checks. You will not be entitled to a credit to your\u00a0account if an error has been made unless you have a substitute check.\u00a0Balance your checkbook. If you are not in the habit of balancing your\u00a0checkbook with your bank statement each month, you need to start.\u00a0This will ensure that you&#8217;ll find any mistakes that may have been made.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Check Clearing for the 21st Century Act, otherwise known as Check\u00a021, is the process of turning the checks your write into images and\u00a0transmitting them by computer. What does this mean to you? Expect the time your check clears to decrease drastically. If you live\u00a0paycheck to paycheck and often count on a one or two day [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[4804,4809,4808,4810,4803,4805,4806,4802,4807],"class_list":{"0":"post-1655","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-general","7":"tag-advantages-of-check-21","8":"tag-bank-faclities-for-check-21","9":"tag-banking","10":"tag-central-bank","11":"tag-check-21","12":"tag-effects-of-check-21","13":"tag-how-does-check-21-work","14":"tag-what-is-check-21","15":"tag-what-is-the-benfit-of-check-21","16":"entry"},"_links":{"self":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/1655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/comments?post=1655"}],"version-history":[{"count":0,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/1655\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/media?parent=1655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/categories?post=1655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/tags?post=1655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}