The Check Clearing for the 21st Century Act, which took effect in 2004, enables banks to cut down on the handling of paper checks and process more checks electronically.

The Check Clearing for the 21st Century Act (Check 21) is a federal law that took effect on Oct. 28, 2004. It gives banks and other organizations the ability to create electronic images of ...

The Check Clearing for the 21st Century Act, which took effect in 2004, enables banks to cut down on the handling of paper checks and process more checks electronically.

How long it takes for a check to clear can vary depending on your bank, but typically it clears in two business days. Although they are less common now, you may encounter checks from time to time.

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But when a cheque is paid in on the weekend, the clearing process will likely not be completed until midnight of the following Monday. Usually, a bank’s deadline will be around 3.30 pm to 4 pm.

A check usually will clear within two business days. But the exact hold time will depend on several factors. Here’s what can affect how long a check takes to clear.