E-Check (Electronic Check)
A digital form of a paper check, debiting from the payer’s account electronically.
Detailed Description
E-Check (Electronic Check)
What is an E-Check?
An E-Check is a digital version of a traditional paper check that allows for the electronic transfer of funds between bank accounts.
How long does it take for an E-Check to process?
E-Checks typically clear within 3 to 5 business days.
What are the main advantages of using E-Checks?
E-Checks are cost-effective, provide quicker payment processing, enhance cash flow management, and are environmentally friendly.
What information is needed to authorize an E-Check?
You need to provide your bank account number and routing number, along with authorization for the transaction.
Are E-Checks accepted by all businesses?
No, not all businesses accept E-Checks; it's important to check with the merchant beforehand.