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MoneyChat. President Greg Smith answers what is on your mind.

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Greg's passion for the credit union difference, his love of technology, and his knowledge of financial markets make him a uniquely qualified leader.

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Members' Checks to Clear Faster

Written by Greg Smith on 7/14/2009 12:00:00 AM

In the coming months, members may see their checks starting to clear faster. That’s because PSECU will be implementing the Check 21 Act. The Act changed the way checks are processed through the banking system. PSECU will be transmitting images of the checks instead of sending physical checks. Because of this change, checks could be cleared in hours instead of days. As always, be sure you have enough money available when you write checks.

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