Facts for Consumers: Electronic Check Conversion


Subject:
Consumer Research & Advocacy , Finance , Consumer Education , Personal Finance , Banks & Credit Unions

Description:
This fact sheet explains electronic check conversion, "which converts information from your paper check into an electronic payment from your bank account." It addresses questions such as how to find out if a business uses electronic check conversion, how payment will be shown on your bank statement, avoiding bounced checks, checking for errors and unauthorized transactions, and related topics. From the Federal Trade Commission (FTC).

Publisher:
Federal Trade Commission (FTC)

Language:
English

Source:
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre31.shtm


PID= res:lii-21763