Substitute check

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Revision as of 08:24, 20 August 2013 by imported>Doug Williamson (Spacing 20/8/13)
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US.

A negotiable instrument created by the Clearing for the 21st Century Act (Check 21).

A substitute check is an electronic version of a paper cheque, which is legally the equivalent of the original cheque and includes all the information contained on the original cheque.


See also