how long do checks take to clear 
for checks collected through the federal reserve banks the accounts of institutions collecting funds are credited for the value of deposits and the accounts of institutions paying funds are debited for the value of checks to be paid most checks are collected and settled within one business day 3the bottom lineregulation cc improves the service banks give to their depositors by regulating the time that funds become available for withdrawal from transaction accounts depending on their origin amount and other factors banks are required to disclose the schedule of times when holds are released to their customers additionally regulation cc streamlined the ability of the nation s banking system to process checks electronically which reduced human error sped up the process and drastically lowered the number of check processing offices throughout the country from 45 locations in 2003 to one location since 2010 1