April 2017

Key Messages:

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The volume of transit check images declined from year 2015 to year 2016 by only 2.56% and has declined 3.20% for the first 4 months of 2016 to 2017.

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The dollar amount of transit check images grew from year 2015 to year 2016 by .46% and has increased 2.47% for the first 4 months of 2016 to 2017.

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More than 19,900 routing transit numbers are available to receive check images and over 20,600 are available to receive image returns.

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On an average day during April 2017, over 48 million interbank check images were received for posting. When the April volume is annualized, it totals 12.1 billion for $19.5 trillion.  The annualized volume of substitute checks received in April 2017 totaled only 695 thousand for $1 billion.

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Data Sources: Transactions settled through the Federal Reserve, Viewpointe, The Clearing House, selected ECCHO Full and Participating Members and other local / regional exchanges

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