![]() ![]() So, he is penalized for writing a check that he cannot pay for. In this case, Ian’s bank account does not have enough funds to uphold the value of the check. About: This is the most common type of check 21 return code.In case of any confusion, you can refer to this legend to understand the movement of checks. We will refer to the following legend to make things simpler:įor the sake of clarity, let’s say that Ian (who has a bank account with Ivy Bank) wrote a check to Ramona (who has an account with Rory Bank). To understand it more simply, we will stick to one example. If the bank rejects the check, these codes are printed on the returned item, that is, the PRD printout. Today, we will be talking specifically about the Check 21 return code. The Different Types of Check 21 Return Codes Learn more about the history of Check 21 and the other types of Check 21 codes. Therefore, to uphold the industry standards, and provide faster processing and more convenience to their clients, the Federal Reserve bank came up with the Check Clearing for the 21st Century Act, aka Check 21 Act, in October 2004. They are extremely cautious with their consumer accounts to offer the best possible service. It is just being cautious.Ĭredit unions and banks have several mechanisms in place to prevent check fraud. Moreover, the bank returned some weird copies of the check with random numbers called check 21 return codes printed on them. You may have tried depositing a check only to have it returned to you by the bank. “Here’s what print and what code?” you respond, completely confused. We are sorry we need to halt this check processing,” the teller says. “Here is your PRD printout with the check 21 return code.
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