Check 21 Processing - How Does it Work?
Check 21 is a simple check payment processing solution that lets your business convert paper checks and deposit them instantly into your bank account.
You simply scan the paper check and it is converted into an electronic check. Then the electronic check is presented to the check writer's bank and funds are transferred into the your bank account.
Simple Easy Steps
- Scan the check using our software
- Check data is then transmitted to ACHQ™ for processing and then sent to the Federal Banking System for processing
- Check issuer's account is then debited and funds are then deposited into your account
- Files are then made available on our secure website for export into your in-house accounts receivable system
Benefits
Our Check 21 service also allows you to avoid the time consumption of processing of paper checks, running to the bank to deposit checks, and manual data entry. In most instances, checks submitted electronically are processed at the bank before other paper checks are cleared giving you quick access to valuable operating capital.- Customer account status is verified instantly
- Transactions processed within seconds with real-time notifications
- Very easy-to-use
- Seamlessly integrates with any ACHQ™ payment platform
Requirements
- Computer
- Internet access
- Your choice of one of our scanners (from 1 to 90 checks per minute)
