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Who is responsible for the creation and the cost of a substitute check?

April 26, 2017COST creation responsible

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Who is responsible for the creation and the cost of a substitute check?

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Although it has yet to be established, it is likely that the presenting financial institution will be responsible for the printing of the substitute check and would then pass expenses to the BOFD (depositing institution). Estimated costs range from $.05 to $.20 per substitute check.