A paper check must be presented for payment-it cannot be retained at its place of deposit, with only its image or description presented electronically.

Question

Quizplus · Accepted Answer

Many banks now use a system called "Check 21," which allows them to create a digital version of a check, known as a substitute check, to process payments electronically. This means the original paper check does not need to be presented for payment.

A Paper Check Must Be Presented for Payment-It Cannot Be