"Check 21," Is it Working? - KTRE.com | Lufkin and Nacogdoches, Texas

01/04/05-Nacogodches

"Check 21," Is it Working?

As the new year begins "Check 21" should be into full swing for most banks. But, is that the case?

"Check 21" is a new federal law that is supposed to help banks save money by allowing banks to clear and process checks electronically.

But, it will also allow your checks to clear quicker. So, if you rely on that floating period you could find more bounced checks.

One local bank president doesn't see "Check 21" working exactly like it is supposed to, at least not yet.

Tommy Ellison, Commercial Bank of Texas president, said, "There's a lot of testing that has to be done. to make sure that the images are correct and in the proper format. I think the feds, quite honestly, I think in its relation to Texas it was a little overwhelmed, and so I think that they are not able to get all the banks online within the time frames that they probably preferred to get."

Ellison says it will probably take a while for all banks to use "Check 21".

  • East Texas NewsMore>>

  • Lufkin PD: Man tried to use counterfeit bill to buy gift card at grocery store

    Lufkin PD: Man tried to use counterfeit bill to buy gift card at grocery store

    Thursday, July 20 2017 12:33 PM EDT2017-07-20 16:33:10 GMT

    Officers with the Lufkin Police Department arrested a 19-year-old man Wednesday after he allegedly tried to use a counterfeit bill to buy a gift card at the Brookshire Brothers store located at 1800 Frank Avenue.

    More >>

    Officers with the Lufkin Police Department arrested a 19-year-old man Wednesday after he allegedly tried to use a counterfeit bill to buy a gift card at the Brookshire Brothers store located at 1800 Frank Avenue.

    More >>
  • Breaking

    Dallas Cowboys wide receiver Dez Bryant to host BBQ in Lufkin

    Dallas Cowboys wide receiver Dez Bryant to host BBQ in Lufkin

    Thursday, July 20 2017 11:59 AM EDT2017-07-20 15:59:58 GMT

    Dallas Cowboys wide receiver Dez Bryant has long had a soft spot for Lufkin, his home town.

    More >>

    Dallas Cowboys wide receiver Dez Bryant has long had a soft spot for Lufkin, his home town.

    More >>
  • SFA Jacks picked 6th in preason football poll

    SFA Jacks picked 6th in preason football poll

    Thursday, July 20 2017 10:09 AM EDT2017-07-20 14:09:40 GMT

    From SFA Athletics HOUSTON (News Release) - Stephen F. Austin football has been picked sixth in the 2017 Southland Conference preseason poll as voted upon by the league's head coaches and sports information directors. The conference office unveiled the predicted order of finish Thursday in conjunction with 2017 Southland Conference Football Media Day at the Hilton Americas hotel in downtown Houston.  The Lumberjacks picked up 114 total points from head coaches and SID...

    More >>

    From SFA Athletics HOUSTON (News Release) - Stephen F. Austin football has been picked sixth in the 2017 Southland Conference preseason poll as voted upon by the league's head coaches and sports information directors. The conference office unveiled the predicted order of finish Thursday in conjunction with 2017 Southland Conference Football Media Day at the Hilton Americas hotel in downtown Houston.  The Lumberjacks picked up 114 total points from head coaches and SID...

    More >>
Powered by Frankly