Electronic Check Presentment

in Glossary

This refers to the electronic transmission of the contents of cash to the drawee bank even before the physical arrival of the checks actually in the cash letter. Electronic check presentment still uses paper checks, but it does allow for a more efficient and cheaper method for clearing checks.


-->

Related ChexSystems Banking Information:

  1. Electronic Funds Transfers: How They Work
  2. What is a “Substitute Check”?
  3. Bill Presentment
  4. Check Cashing Fee
  5. E-Check

Tagged as: Electronic Check Presentment, electronic transmission of the contents of cash to the drawee bank

Comments on this entry are closed.

Previous post: EFT

Next post: Direct Deposit