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Do you want to start using the digital world to make faster and easier payments? Is this your first time using an electronic check, also known as an e-check?
If so, then it’s important for you to understand how to send an e-check now so that you start off on the right foot. If you’re used to purchasing items with paper checks, then you’ll be happy to know that doing so with a digital alternative is very simple.
The process isn’t too different from traditional checks, but the electronic process makes it faster and cheaper. As a result, you’ll save time and money while keeping your transactions safe and efficient.
Are you ready to join the 21st century when it comes to checking? Here’s a little guide on how to send an e-check in three easy steps:
1. Find a Good E-Check Service
If you’re wondering how to send a check online, the best place to start is the internet. Good thing you’re already here! There are many options for online checking. Do a little research to find one that’s a good fit for you.
As you go, consider all the options and weigh them against your needs. Digital checks are used for everything from business transactions to paying the rent. A quick search will return a lot of results. So, how do you know which ones are better?
Look for a company with a variety of e-checking and related services, scaling from the individual to the business level. They tend to have faster payment processing. They’re also more likely to work with your bank.
It’s also important to find a service that keeps it simple for the recipient. You’ll have to create an account to send checks, but your recipient shouldn’t have to! They also shouldn’t have to enter sensitive banking information.
Once you narrow down your options, check each site for basic security measures.
2. Make Sure It’s Secure
Most people are familiar with cybersecurity. It’s pretty essential if you plan to do any business online, including shopping. There are very simple ways to make sure a website deserves to be trusted with your financial transactions. That’s why it’s always best to check a few things before you enter your bank account information.
The first and simplest thing to check is the web browser. There should be a little padlock symbol to the left of the site address. This symbolizes a secure site. You can click the padlock to view additional site details, such as where their security certificate was issued.
A security certificate works by proving a website’s identity to the web browser. However, anyone can create one claiming to be a website. That’s why a good browser only trusts sites with security certificates from a reputable source.
If your browser warns you about a site’s security certificate, it may not be fully secure. That’s why it’s factored into the overall safety of the website. If you see the little padlock symbol, that means your browser trusts the certificate. It also means you’re good to start sending those online checks!
The other thing to consider is how the site actually handles banking transactions. Some sites may use third-party apps, others function through email. Some can save the risk of inputting banking information by establishing a secure and direct connection with both your’s and the recipient’s bank.
Your information is at risk every time you share it online. When a site connects directly to your bank, they’re able to process transactions without storing as much sensitive data on their servers. That means they can verify your bank account and begin working without your routing numbers.
Once you find a secure site that meets your needs, set up an account. It’s usually very straightforward. If the site doesn’t connect directly to your bank, you’ll need to have your information on-hand. After that, you’re ready to send your check!
3. Send Your First Check
Sending an eCheck is extremely easy once you’re signed up. Most sites keep it to the basics: fill out the digital check and email it to the recipient. The person you sent it to enters their information to establish a connection with their bank. The payment is processed, and that’s that!
Once you’ve sent your check, you should receive a confirmation. You’ll receive another once the recipient has accepted payment. Of course, you’ll also have a lower bank balance as evidence. It’s really that easy. Not only that, some sites offer a lot of extra features that make the financial side of life so much simpler.
For instance, some companies offer what is essentially a checkbook for your e-checks. This allows you to keep better track of incoming and outgoing payments and can be very convenient for freelancers and entrepreneurs. Real-time check tracking allows you to know exactly when money will change hands. Now that’s keeping an eye on your cashflow.
Sending digital checks is also one of the least expensive ways to process payments online. With fees as low as 2%, it’s absolutely critical to consider this option if you do business online. Not to mention the amount of paper, time and money you’ll save.
And that’s How to Send an E-Check
The way you pay will never be the same now that you know how to send an e-check. It’s an extremely easy process, and it has a lot of benefits. Especially if you do business online and can appreciate a 2% fee! Even if you’re using them to pay rent instead of vendors, you’ll fall in love with it.
Think about it: no more time and money wasted on your . . . money. Digital checks don’t require paper, signatures or stamps. Just a few quick keystrokes and you’re done. Most places can process your transactions within three days, though some boast as little as two. Certain business plans even offer next-day payments.
The most important thing to remember is to find a company that fits your needs. If your business could use a few extra e-check bells and whistles, don’t be afraid to give them a try! Many places offer free trials, after all.