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Not all checks are the same and not all are processed by financial institutions the same way. Learn how long different types of uncashed checks are good for.
Some checks are written with more long-term than short-term finances in mind. If the check you are trying to cash is post-dated, meaning it has been made out to be cashed or deposited on a future ...
Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.
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A certified check (or certified cheque) is a form of check for which the bank verifies that sufficient funds exist in the payer's account to cover the check, and so certifies, at the time it is written. Those funds are then set aside in the bank's internal account until the check is cashed or returned by the payee.
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list), or may suspend the check-writer's privileges until the check-writer has made good on the debt. The recipient may also choose to report the writer to a database service. This may lead to other merchants in the future refusing to accept checks from the writer or a joint account holder, or the writer having trouble obtaining a checking ...
Canceled Checks vs. Returned Checks. A returned check is a check that does not go through because the issuing bank declines it. This could be for varying reasons, but most likely, it is due to the ...