What is electronic check processing?

What is electronic check processing?

Electronic check processing means that you can convert a paper check received from a customer into an electronic transfer that takes funds from your customer's account and places them into your account. (You may have seen transactions of this type on your checking statement.) This transfer takes place via the Federal Reserve Bank's Automated Clearing House (ACH) system. It's a faster, less-expensive way to get your money. Learn more about electronic check processing.

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