"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>>

  • Angelina County leaders preparing for the 'Big One'

    Angelina County leaders preparing for the 'Big One'

    Monday, March 27 2017 7:33 PM EDT2017-03-27 23:33:05 GMT

    While storms popping up in the Atlantic are the last things on the minds of those that live in East Texas, it is priority number one for the Angelina County Office of Emergency Management as the calendar creeps closer to the start of hurricane season.

    More >>

    While storms popping up in the Atlantic are the last things on the minds of those that live in East Texas, it is priority number one for the Angelina County Office of Emergency Management as the calendar creeps closer to the start of hurricane season.

    More >>
  • NISD names Interim Superintendent Sandra Dowdy lone superintendent finalist

    NISD names Interim Superintendent Sandra Dowdy lone superintendent finalist

    NISD names Interim Superintendent Sandra Dowdy lone superintendent finalist

    Monday, March 27 2017 9:33 PM EDT2017-03-28 01:33:54 GMT
    Source: NISDSource: NISD

    During a Monday night special meeting, Nacogdoches Independent School District named Sandra Dowdy the lone finalist for the superintendent position. Dowdy has served as interim for the last several months. Per a press release from NISD, Dowdy was selected from a field of 45 applicants. A state mandated 21-day period must pass between the board naming her as the lone finalist and formally naming her as the next superintendent of Nacogdoches schools. It also states the selection happ...

    More >>

    During a Monday night special meeting, Nacogdoches Independent School District named Sandra Dowdy the lone finalist for the superintendent position. Dowdy has served as interim for the last several months. Per a press release from NISD, Dowdy was selected from a field of 45 applicants. A state mandated 21-day period must pass between the board naming her as the lone finalist and formally naming her as the next superintendent of Nacogdoches schools. It also states the selection happ...

    More >>
  • Sabine County residents begin storm recovery efforts

    Sabine County residents begin storm recovery efforts

    Monday, March 27 2017 7:11 PM EDT2017-03-27 23:11:55 GMT

    Residents near the Texas-Louisiana border are beginning their own storm recovery efforts on Monday after they fell on their property from this weekend’s storms.  

    More >>

    Residents near the Texas-Louisiana border are beginning their own storm recovery efforts on Monday after they fell on their property from this weekend’s storms.  

    More >>
Powered by Frankly