Check Clearing

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Check clearing

The movement of a check from the depository institution at which it was deposited back to the institution on which it was written; the movement of funds in the opposite direction and the corresponding credit and debit to the involved accounts. The Federal Reserve operates a nationwide check-clearing system.

Check Clearing

The process in which a bank collects the funds on a check deposit from the issuing institution. Check clearing involves the bank in which the check was deposited mailing the check to the issuing bank. The issuing bank then credits the deposit bank the funds on the check, assuming the check writer had the funds in his/her account. The deposit bank in turn credits the individual account into which the check was deposited. In the United States, the Federal Reserve operates a national check clearing system to expedite the process. See also: Check hold.

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Check 21 Checkwriting Securities Industry Automation Corporation Substitute Check			The Check Clearing for the 21st Century Act of 2003 (Check 21) was intended to make check collection more efficient and less costly by facilitating wider use of electronic check processing. Check 21 Act: Most Consumers Have Accepted and Banks Are Progressing ... by General Accounting Office Reports & Testimony Faster check clearing by making deposits earlier in the day. Remote-deposit capture: a benchmark for banking's future technologies by Nerland, Brian / Alaska Business Monthly For the 2nd year as MEFTEC Platinum Sponsor, ProgressSoft highlights its participation with the introduction of contemporary technologies, alongside recent accomplishments in the electronic check clearing and real-time payment fields. ProgressSoft at Manama event by The Star (Amman, Jordan)			Chartered Insurance Professional Chartered Investment Counselor Chartered Market Technician Charting Chartist Chartista Chartists Chase a Stock Chasing Returns Chasing the Market Chastity Bond Chastity Bonds chattel chattel mortgage Chatter Chavanni CHE Cheap Cheap Money Cheap Stock Cheapest to Deliver Cheapest to Deliver Issue Chechen Naxar Check Check 21 Check Clearing Check Hold Check Representment Check truncation Check Writer checkerboard development Checking Account Checking the Market Checkwriting checkwriting privilege Cheque a porter en compte Cheque certificado Cheque d'assegnazione Cheque d'assignation Cheque de asignacion Cheque incobrable Cheque para depositar en cuenta Cheque pre-datado Cheques Act 1992 Cherry Picking CHESS Chetrum CHF ChFC Chiarella vs. U.S. Chicago Board of Trade			Check Accounts Check And Give Protection To Check B'raise Poker Club check back check back Check Back Later check bags through check bit check bit Check bits Check book Check book Check book journalism Check Book Money Manager Check box Check box Check boxes Check boxes Check Cancellation check card check card check card Check Cards Check Cards Check Cards Check cashed illegally Check Cashing check cashing business, jail check character check character Check Clearing Check Conversion Check Conversions check cracks check cracks check cracks check cracks check cross check dam Check Deposit Module Check digit Check digit Check Digit Verification Check Disk Check Driver's License Check engine light check fillet check firing check flight Check For Change Check For Understanding Check Fraud check girl Check guarantee card Check Handling Enhancement & Expert System Check hold check holder Check Holds Check hook

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