The Expedited Funds Availability Act (EFA or EFAA) was enacted in 1987 by the
United States ... The law is codified in Title 12, Chapter 41 of the US Code and
Title 12, Part 229 of the Code of Feder...
I know that it's not a real clearing - i.e. if the check happens to be bad (never
happened to me, but so I heard) it can come back a long time after ...
Aug 6, 2013 ... The Check Clearing for the 21st Century Act (Check 21) was signed into law ...
The law does not require banks to accept checks in electronic form nor does it ...
Check-processing speeds should continue to increase, over time, ...
The good news is federal regulation limits the time your financial institution can
.... Keep in mind that funds can be released to you before a check has “cleared.
Apr 1, 2015 ... How fast will that check clear? ... your account and it would be available
immediately, and other times it would take a few days to clear. ... The law broke
banks down into geographic zones, providing different holding periods ...
The checks you write might be "clearing" - the money is being taken out of your ...
A federal rule governs the maximum time your bank can wait before making ... A
new federal law known as the "Check 21 Act" makes it easier for banks to create
Nov 27, 2013 ... The actual time of how long it will take for the check to clear won't ..... I deposited
a check from a law firm, out of state.... and waited two weeks.
It has long been illegal to “float” or post-date a check by writing it in an amount ...
even if you expected a pending deposit to cover it by the time it reached the bank.
... faster—due to a federal law known as “Check 21,” the Check Clearing for the ...
Waiting for a deposited check to clear in your bank account might be frustrating.
... The time of day you deposited the check into the ATM will influence the .... an
account does not "feel" like something our government would put in as a Law.
Sep 29, 2004 ... In another month, checks are likely to bounce much sooner than before if you
write them with insufficient funds in your checking account.