Substitute Check

Filed Under »
Dictionary Says

Definition of 'Substitute Check'

A paper reproduction of a check that is copied electronically. Strict guidelines exists regarding the requirements that must be met for the creation of a substitute check, because the substitute can be legally used in any manner in which the original check could function. Typically, substitute checks are often slightly larger and include pictures of the original check's front and back as well as text declaring that the check is a legal copy.
Investopedia Says

Investopedia explains 'Substitute Check'

As a result of the Check Clearing For the 21st Century Act, banks have started to create electronic copies of paper checks to cut costs and speed up check processing times. But depending on the specific bank involved, consumers may not necessarily be able to get their check back for record-keeping purposes. In some instances, consumers can ask their banks to provide substitute checks for proof of purchase purposes (such as for tax-related purposes).
Search results for

'Substitute Check'

  • 5 Money-Saving Shopping Tips Slideshow | Investopedia

    http://www.investopedia.com/slide-show/shopping_tips/substitute.aspx
    ... Tip 4: Substitute. ... However, don't expect to find absolutely everything at these sales,
    but do check them out from time to time to add value to your shopping ...
  • Host A Holiday Party For Less - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1009/Host-A-Holiday-Party-For-Less.aspx
    ... If you are looking for a more custom playlist, check out free internet radio ... Food
    Substitute the turkey or ham for less expensive main dishes, or focus on a ...
  • Should You Pay In Cash?

    http://www.investopedia.com/articles/pf/08/pay-in-cash.asp
    ... large purchases, carrying cash is often not an option and writing a check or getting
    a ... can also be a convenient tool, but it's only a fair substitute for cash ...
  • Using Porter's 5 Forces To Analyze Stocks

    http://www.investopedia.com/articles/fundamental-analysis/11/using-Porters-5-forces-for-stock-analysis.asp
    ... (To learn more about analyzing financial positions, check out Reading The ...
    Porter’s five forces: The threat of substitute services or products; The threat ...
  • The Pros And Cons Of Internet Banks

    http://www.investopedia.com/articles/pf/11/benefits-and-drawbacks-of-internet-banks.asp
    ... not a bad thing - the easier it is for consumers to check their accounts ... banking,
    doesn't necessarily mean that direct internet banks are a substitute for their ...
  • Five Dividend Darlings With Low Payout Ratios

    http://stocks.investopedia.com/stock-analysis/2008/Five_Dividend_Darlings_With_Low_Payout_Ratios_CLX_HOG_OSK.aspx
    ... (To learn more about the benefits of dividends, check out Dividends Still ... Hard to
    Substitute a Harley I would not think about Harley Davidson as a particularly ...
  • Bank Advisor Blunders And How To Avoid Them

    http://www.investopedia.com/articles/stocks/10/bank-advisor-blunders.asp
    ... Useful as emails and phone calls are, they are no substitute for personal meetings
    and never will be. (For more, check out Keeping Clients Through Good And Bad ...
  • Why We Splurge When Times Are Good

    http://www.investopedia.com/articles/economics/09/price-elasticity-of-demand.asp
    ... (Check out The History Of Economic Thought for more.). ... daily lives and are neither
    likely nor capable of switching to alternate fuels as a practical substitute. ...
  • Find Your Niche Market

    http://www.investopedia.com/articles/financialcareers/07/idea-clients.asp
    ... Let them know that you're available, even as a substitute in case the scheduled
    person doesn't show up. ... (For further reading, check out Keeping Clients Through ...
  • Macroeconomics: International Trade | Investopedia

    http://www.investopedia.com/university/macroeconomics/macroeconomics11.asp
    ... Absent trade, consumers and suppliers are forced to either develop substitute goods
    or devote a large percentage ... (For more on advantages, check out Competitive ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links