Where can I find a bank that does not force "Check 21" on me?
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Check 21 is a law that facilitates the move toward the exchange of electronic images of checks in the check clearing process instead of physical transportation and presentment of original paper checks. It does so by making a substitute check (a paper representation of an electronic image of a check) the legal equivalent of the original check it represents. That means that even banks that continue to provide monthly checking accountstatements with enclosed paid checks will likely be including more substitute checks than original checks as the inevitable momentum toward exchange of images builds.
The Federal Reserve System is moving away from the physical exchange of original checks. As a practical matter, the possibility that a paper check will make the journey intact to your bank for payment is getting much smaller, regardless of what your bank's policies on returning checks are. That means that the best you are likely to get by the end of 2009 is a bank that includes images of checks printed on its statements. The day of the return of paper checks, originals or substitutes, is coming to an end.
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Check 21 is a law that facilitates the move toward the exchange of electronic images of 