Hawaii, U.S. Mainland and Canada
Guam and Saipan
In American Samoa
The tragic events of September 11, 2001 brought the check clearing process to a virtual halt in the U.S. On October 28, 2003, Congress passed into law Check 21 which encourages banks to use electronic check images or substitute checks in place of paper checks for the check clearance and settlement process. Check 21 is expected to improve the efficiency of our nation’s payment system.
The “21” refers to the 21st century. The official name of Check 21 is the Check Clearing for the 21st Century Act.
In some cases, you may not receive your original cancelled checks. If you receive cancelled checks with your monthly checking account statements, some of the checks returned to you may be substitute checks, after October 28, 2004.
Typically, original cancelled checks are destroyed once digital images of them are made. There are no requirements governing the retention of original checks.
To request a copy of an item that posted to your account, including a cancelled check or substitute check, call Bankoh by Phone:
The substitute check is about the size of a business check, which is a little larger than a standard consumer check. As a paper reproduction, it contains the same information that appears on the front and back of the original check, including all endorsements that have been applied as the check has gone through the clearance system. The substitute check also contains special identifiers and a statement indicating that it is a legal copy of the original check.
Yes. You might receive a substitute check as a return item. For example, if someone writes you a check and you deposit it into your Bank of Hawaii savings account, but the check writer has insufficient funds to cover the check, you may receive a substitute check in the mail as a not-sufficient funds return item.
Check 21 provides a mechanism for some consumers to receive expedited recredit for disputes involving substitute checks. This will apply to consumers who currently receive checks in their statements. The notification that Bank of Hawaii checking account holders will receive in their statements beginning in September 2004 will address expedited recredit for consumers.
Your Bank of Hawaii Visa® Debit Card transactions are debited directly from your Bank of Hawaii checking account each time you use it to make a purchase. Because you are not writing a check, no check is generated, so substitute checks do not apply.
We will do the following: