Banks that do not exchange checks electronically are required to accept substitute checks in the same way that they accept the original checks.

Name: Banks that do not exchange checks electronically are required to accept substitute checks in the same way that they accept the original checks.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

Banks are required by the Check 21 Act to accept substitute checks, which are legally equivalent to the original checks, even if they do not exchange checks electronically.

Banks That Do Not Exchange Checks Electronically Are Required to Accept