What is an eCheck?
An e-check, short for "electronic check," is a digital version of a traditional paper check. It is a method of making payments electronically by transferring funds from one bank account to another. E-checks are used for various financial transactions, including paying Bills.
eChecks get sent via email to the recipient. The recipient can then print the check, and cash it as a normal check.
ControlHub’s eChecks can be printed on standard office paper and deposited just like a regular check - with a banking mobile app or in person at a local branch or ATM. Printable checks provide a great way to transition from mailed checks to digital payments. Recipients can leverage the same deposit processes they use for mailed checks, yet they don’t have to wait 3-5 days for the mail to arrive, and are significantly more cost effective than old-school Paper Checks.
