Electronic Check Conversion Service
ACHQ™ check conversion service allows you to convert paper checks into funds that are automatically deposited into your existing bank account.
Once the payment is converted to an ACH payment, it then processed through the Automated Clearing House network.
How Does It Work?
Converting checks to ACH payment transactions is really quite easy. Just take your customer's paper check, scan it using a check scanner, manually enter the payment amount and the check is then automatically converted using our intuitive EFT software.
Once the payment is converted to an ACH payment, it then processed through the Automated Clearing House network.
Requirements
- Computer
- Internet access
- Check scanner
- No expensive software needed
Benefits
ACHQ™ allows you to avoid the time consumption of processing paper checks, running to the bank and tedious data entry. In most instances checks submitted electronically are processed at the bank before paper checks, giving you quick access to your valuable operating capital.- Check funds are transferred automatically to your bank account
- No trips to the bank to deposit your checks
- Low transaction fees
- Reduced NSF fees
- 24/7 secure account and reporting access
