How are checks cleared?

Answer Checks are cleared through the exchange of separate cash letters between banking institutions that are either processed through the Federal Reserve Bank or correspondent banks.Cash LetterCash lette... Read More »

Top Q&A For: How are checks cleared

What sources of information can a cleared contractor facility use to develop security training for a cleared employee who is stationed at US military installation in a foreign country?

Can you print copies of checks in Quicken after you have printed the checks?

Checks can be reprinted in Quicken. Click the Quicken Account Bar list to identify the account you wish to print checks from. Go to the File Menu and select "Print Checks." Select which checks to p... Read More »

Does anyone such as the FBI CIA do background security checks and checks for citizenship on members of Congress and the President elect?

They MAY do so as a pre-requisite for their accessing certain classified information during their terms of office after they are elected. HOWEVER, there is no Constitutional requirement that these ... Read More »

How many checks are in a pack of traveler's checks?

In most cases, traveler's checks come in packs of five to 10 checks. Checks also come in a variety of dollar amounts such as $20, $50 and $100 denominations. It is important to sign the traveler's ... Read More »