Check 21 Act

Check 21 is a Federal law that is designed to enable banks to handle more checks electronically, which is intended to make check processing faster and more efficient. Check 21 is the short name for the Check Clearing for the 21st Century Act, which went into effect on October 28, 2004.

Check 21 is a Federal law designed to enable financial institutions, banks, and businesses that receive checks as payment to convert the check to an electronic payment (ACH), which is intended to make check processing faster and more efficient. Check 21 is the short name for the Check Clearing for the 21st Century Act, which went into effect on October 28, 2004.