"Clear a check" refers to the transfer of money from one account to another account to cover a deposited check. The check is cleared to make sure there's enough money available so the check recipient ...

WASHINGTON (CBS.MW) -- Debit cards, direct-deposit payroll and other technology taking the place of traditional check writing is forcing the Federal Reserve to streamline its check clearing operations ...

Most checks clear within 2 business days, though some banks may hold funds for up to 7 days depending on the check amount and type. The first $225 of any check deposit must be available by the next ...