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04/10/2013
Spring is finally here and for many, spring cleaning includes clearing out the clutter and paperwork that has accumulated over the past year. However, when it comes to financial records, not knowing what to keep or for how long can be trouble.
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01/01/2007
It’s your lucky day! You just won a foreign lottery! The letter says so. And the cashier’s check to cover the taxes and fees is included. All you have to do to get your winnings is deposit the check and wire the money to the sender to pay the taxes and fees. You’re guaranteed that when they get your payment, you’ll get your prize.
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11/01/2006
The next time you write a check to your local merchant, the cashier may hand it back to you after the payment has been processed – electronically. Or maybe you’re mailing a check as payment to a company. That payment, too, may be processed electronically. Why? More merchants and companies are using electronic check conversion, which converts information from your paper check into an electronic payment from your bank account. In fact, NACHA – the Electronic Payments Association – estimates that more than 1.7 billion paper checks were converted through in-store and mail-in transactions in 2005.
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06/01/2005
If you write checks, you should know about a new law called “Check 21.” Under the law, your paper checks can be replaced with paper copies called “substitute checks.” You also may experience electronic — and faster — processing of your checks.
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