Fly Rod
Commander
- Joined
- Oct 31, 2002
- Messages
- 2,622
Starting October 28,2004 a new federal law goes into effect regarding paying by check, called CHECK-21!!!<br /><br />You will no longer be able to pre write a check with out sufficent funds thinking that you have about 3-5 days before the check clears!!!<br /><br />With the new system country wide, a check will clear or not clear in 2-3 hours after it is cashed!!!<br /><br />This is difinitly good for those of us that run a bussiness!!! In some cases I've had to try to cash checks 2-3 different times before there would be enough money in the persons account to clear!!!