Whats the difference between Check Imaging/Image Statement and Check 21?
Check Imaging: Sovereign receives the original check back from the processing bank. Instead of returning the original check, an image of the check is provided in the customer’s account statement. Check 21: This federal law is designed to improve the national check collection system. With Check 21, it is possible that the bank may receive a substitute check instead of the original check. All banks must comply with this new law and must accept substitute checks.
