An eCheck is a digital version of a paper check. Instead of mailing a physical check, you provide your bank account and routing number, and the payment is processed securely through the ACH network.
How It Works
- You authorize the payment by phone or online.
- The funds are withdrawn directly from your bank account.
- The payment is deposited electronically.
- Instant transaction receipt via the email sent to you.
Benefits
- No need to mail a check.
- Secure and widely used for business payments.
eChecks typically take 3–5 business days to process and clear.
Learn more from Intuit QuickBooks: What is an eCheck?