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How does eCheck processing work

How Does eCheck Processing Work?

eCheck processing is the process of receiving, verifying, and depositing checks into your bank account.

It’s a very simple process that can be done online or by phone. In this article, we’ll be taking you through the eCheck process, so you can understand how it works and decide whether it is right for you. 

Make sure to also check out our comprehensive credit card processing guide which walks you through all things payment processing. 

Now let’s get into it…

What Are The Benefits Of Using An Electronic Check (eCheck)?

An eCheck is a type of check that uses technology to transmit data electronically instead of physically sending paper checks through the mail.

This allows you to deposit funds more quickly than with traditional paper checks.

How Do I Get Started With eCheck Processing?

You will need to set up an account at your financial institution in order for them to accept eChecks. The account must have a sufficient balance to cover any potential overdrafts.

How Much Does It Cost To Use eCheck?

The fee charged varies depending on the amount you’re depositing. For example, if you’re depositing $10,000, you’ll pay a flat rate of $25 per transaction. If you’re depositing less than $100, there is no charge.

How Long Does It Take To Receive My Money After I’ve Deposited An eCheck?

Deposits typically clear within one business day. However, some banks may require additional time due to holidays or other factors.

Can I Send Money From Another Country To Another Country?

Yes! You can transfer money internationally using eChecks. Simply follow these steps:

    1. Create an international wire transfer request.

    1. Deposit the money into your checking account.

    1. Send the request to your bank. They will then convert the money to the desired currency such as Canadian dollars and deposit it into your account.

    1. Once the funds arrive in your account, you can withdraw the money as cash or make purchases.

I Want To Open A Savings Account But Don’t Have Enough Money Yet. How Do I Start Saving?

If you’re looking to save money, you can open a savings account with eCheck. Just follow these steps:

Step 1 – Set up a free online banking account with your bank.

Step 2 – Add your new savings account to your online banking profile.

Step 3 – Deposit money into your savings account.

Step 4 – Use your debit card to make purchases.

Step 5 – When you spend, you’ll see the money go directly into your savings account. You won’t incur any fees.

How Do I Know When I’m Going Over My Limit?

Your bank has limits on how much money you can deposit into your account each month. These limits vary based on your relationship with your bank. Contact your bank for details.

How Do I Avoid Getting Hit With A Late Payment Fee?

It’s important to keep track of all your transactions, so you can avoid incurring late fees. Your bank should provide you with a statement every month listing all of your transactions.

Why Do I Need To Verify My Identity Before Opening An Account?

It’s essential to ensure that you’re who you say you are before making large deposits.

Banks often ask customers to confirm their identities by submitting documents such as a driver’s license, passport, utility bill, etc.

What Happens If I Lose My ID?

In most cases, you can still open an account without providing proof of identification. However, you could be subject to higher interest rates and fees.

How Do Banks Determine What Kind Of Customer They Want To Serve?

How Does Authorization Hold Work

Banks decide which customers they want to serve based on several factors including credit history, income level, age, and location.

Do I Need To Have A Direct Deposit Set Up To Get Paid Through eCheck?

No. You can use eCheck even if you don’t have a direct deposit set up. All you need is a checking account.

Where Can I Find More Information About eCheck?

Visit the official website at www.eCheckCanada.ca. They also offer helpful videos and articles.

How Do You Receive An eCheck?

You can receive an eCheck either via email or text message. To learn more about receiving eChecks, visit their FAQs page.

How Long Does It Take To Process An eCheck?

Depositing money usually takes less than 24 hours. The amount of time it takes to process a check depends on the number of checks being deposited.

Can I Pay Someone Else Using eCheck?

Yes. If you send a personal check, you must include the recipient’s name and address along with yours.

How Do I Stop Paying Bills Automatically?

When you sign up for automatic payments, you agree to let your creditors know where you live. This allows them to contact you at home instead of sending mail to your old address.

If you change your mind, you can cancel your automatic payments anytime. Visit your creditor’s website to learn how to do this.

When Will I Get My Refund?

The exact date varies depending on your financial institution. It may take 3-5 business days after the due date for the funds to show in your account.

What If I Forget To Write Down My Routing Number?

The routing number appears on the back of your check. Write it down and store it somewhere safe.

Can I Make Changes To My eCheck?

Yes, but you’ll need to call your bank first.

How Do I Close My Account?

To close your account, go to your bank’s website and log in. Click “Account” then click “Close Account”.

How Much Can I Deposit Into My eCheck?

There are no limits when depositing cash directly into your eCheck.

Is There Any Way To Transfer Money From One Account To Another?

Yes. You can link two accounts together, so you can move money between them. Learn more here.

Why Did My eCheck Bounce?

Your eCheck might not be clear because:

    1. Your bank didn’t accept the payment. Check your bank’s website to see whether the payment was accepted.
    2. Your bank has insufficient funds. Make sure you’ve got enough money in your account to cover the transaction.
    3. Your bank rejected the payment. Contact your bank to resolve the issue.
    4. Your bank returned the payment as undeliverable. Check your bank’s online statement to verify that the payment went out.
    5. Your bank returned the check as uncollected. Contact your bank to find out why the check hasn’t cleared yet.


In conclusion, knowing how the eCheck process works will allow you to decide whether it is a form of payment that is right for you.

They may seem daunting to use initially, but once you get a handle on how they work, they can make outgoing and incoming payments quick and easy. To learn more about how payments work, check out our resource guide center.  


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