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Payment by e-check

Payment by e-check is one of the safest and fraud-proof ways to make fast and convenient transaction. The legal documentation associated with e-check makes it a trusted financial transaction procedure. We like to inform that United States Treasury makes high-value payments over the public Internet using e-check. E-check is as good as a paper check and contains proper information regarding the transaction.

How is it issued?

  • The check writer “writes” the eCheck using electronic devices and “gives” the eCheck to the payee electronically.
  • The payee “deposits” the Electronic Check, receives credit, and the payee’s bank “clears” the eCheck to the paying bank.
  • The paying bank validates the eCheck and then “charges” the check writer’s account for the check.

Advantages

  • There is absolutely no chance of fraud while using e-check.
  • Over the internet, it can be easily used to make hassle-free transaction.