Examples of Electronic check in a sentence
Electronic check conversion is a payment process in which a merchant or other payee (after obtaining your authorization) uses your check to gather routing, account, and check number information to initiate a one-time EFT.
That the guarantors have made all reasonable efforts to en- sure that a check is an authentic Treasury check, not a counterfeit check.(e) Electronic check.
Electronic check conversion is a payment process in which a merchant (after obtaining your authorization) uses your check to gather routing, account, and check number information to initiate a one-time EFT.
Electronic check conversion is a payment process in which a merchant or other payee (after obtaining your authorization) uses your check to gather routing, account, and check number information to initiate aone-time EFT.
Electronic check conversions through the ACH system may be debited to consumer accounts and certain business accounts that are eligible for check conversion (i.e., those that do not contain an auxiliary on-us field in the MICR line of their checks).” There are limitations on the amount of money you can withdraw per day, and on the amount of goods or services you can purchase each day using your Visa Check Card.