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Payment through check is in practice for a long time. For cashing a check, a person has to go to the bank during working hours i.e. no weekends and public holidays. In today’s era where everything is online, it becomes a very hectic task to go to the bank and wait in the queue for cashing the check and receive money. So, one solution to this problem is to cash the check online known as instant online check cashing. In this article, we will discuss various queries such as what is an instant online check cashing? How does instant online check cashing works? What is the process and steps involved in it?
Finally, it concludes with the list of 12 bank, services, sites or applications which supports this.
Contents
- 1 What is an Instant Online Check Cashing?
What is an Instant Online Check Cashing?
Let us suppose a situation where a person has some urgent requirement or unable to visit a bank to cash the check. In this scenario, the person usually think ‘can I cash the check online’? For these kinds of situations, instant online check cashing is the perfect solution. It is a process in which a person can cash a check without going to an ATM or the bank through a mobile application or some site.
After the check is cashed, the amount is transferred to the account of that person. In today’s digital life, this makes our life easier by not standing in a queue of the bank. There are many services or banks which allows you to cash a check from Mobile Apps. For e.g. US Bank, Ingo Money, PayPal etc.
How Does it Work?
For cashing a check online a person must have the knowledge about its process, how does instant online check cashing works, etc. Online check cashing is achieved via a smartphone. The whole process is as follows;
- There are a lot of mobile applications which can be downloaded and used for online cashing. Many of these applications/services required to link the person’s account number to these applications.
- These applications may require pictures of both the front as well as the back of the check which a person want to cash.
- After taking the photos, the check goes in a queue for further process.
- If the check is approved, money goes to the user’s account, which is linked with the app.
- If the account is not linked, then the user may have to transfer the money to their account.
- A person should keep the copy of the check for a minimum of two weeks or till the completion of the transaction for safety purpose.
There are many banks in the US which offer online instant cashing of checks.
How to Cash a Check Online Instantly?
Since society has been leading to digitization, everyone wants to do his/her daily transactions online. Generally, people get paid through a check, which has to be cashed in order to get the money. Nowadays the use of smartphone makes check to cash very fast and comfortable for the end user because of instant online check cashing. With online check cashing, a person can cash his/her check without going to the bank. So to ensure safe and secure online check cashing, a person should aware of all the steps involved. Following are the steps;
- Most of the instant check cashing services use mobile applications. So, firstly get the corresponding mobile applications.
- After this register through the applications and link the bank account or any prepaid card account.
- Then write “For online deposit only” below the signature on the back of the check.
- Submit the photo of front and back of the check.
- Validate the check amount
- Lastly, confirm the deposit.
In an above-mentioned way, a person can instantly cash their check through online services.
12 Online Services and Apps for Instant Online Check Cashing
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Generally, for cashing a check, a person visits the ATM or bank. Another way to cash the check is through online. There are various services which support instant cashing of checks. Most of these services allow you to cash a check online using their mobile application. Some of these services are listed below:
- US Bank: US bank provides an online check to cash through its own mobile application. Online cashing is done without any extra fee but has some deposit limit. Deposit limit is the maximum amount a person can deposit in working days.
- Ingo money: This service is provided by First Century Bank, N.A. and Ingo Money. It costs around 2% for government check with printed signature and 5% for all other checks with a minimum of $5.
- ACE Mobile Loads
- Brink’s Money Prepaid
- Lodefast Check Cashing App
- Check Cashing Store
- Boost Mobile Wallet
- Waleteros: Your Mobile Banking
- Bank of Internet, USA
- Guaranty Bank
- Money Mart
- GoBank
Conclusion
This article gives an overview of how one can cash a check online instantly. How does the instant check cashing works and what are the steps involve in cashing a check online? After that, the list of bank or services which offer online check cashing is also mentioned. Instant online check cashing has made a person’s life much easier by not going to the bank or ATM and stand in the queue to cash the check.
Instant eCheck blackjack sites are real-money casino websites offering blackjack games and the option of using eChecks as a deposit method. The word eCheck is a shortened version of the phrase “electronic check.” That is literally what an eCheck is – an electronic version of a paper check. You can use this form of payment to make payments to any number of online retailers. The payment is drawn from your checking account, just like with a paper check. All you need to make a deposit to a blackjack site with an eCheck is a checking account and a few basic pieces of information. We go into more detail on this subject in the How to Use an eCheck section below.
Where You Can Use It
Because eChecks are nothing more than standard ACH transfers, you can use them at the vast majority of real-money blackjack sites.
Instant eCheck Blackjack sites offer three types of eCheck-associated payment options:
- eCheck, for players from the US and Canada
- European Cheque, for players from Europe
- InstaDebit, for all players except those from the US and Canada
To make a payment with an eCheck, you must provide the following information:
- your bank’s routing number
- your personal checking account number
- your name as it appears on your bank account
What Is ACH?
ACH stands for Automated Clearing House. It’s the big electronic network that American financial institutions use as the infrastructure for payment processing. It is not to be confused with EFT, which stands for Electronic Funds Transfer. Basically, it works like this: an eCheck is a type of EFT, using the ACH network to process a payment.
How eChecks Work
When an eCheck transaction is triggered, the funds are electronically withdrawn from the payer’s checking account, then transferred over the ACH network, before being deposited into the payee’s checking account.
Business owners that already have a standard ACH merchant account can withdraw these payments directly from their customer’s bank account, provided the funds are in exchange for a good or service. All of these payments must first be authorized by a customer, either according to an established contract, via acceptance of a site’s “Terms and Conditions” page, or even by a recorded voice confirmation over the phone.
If you understand the process behind the processing of a paper check, you understand how electronic checks work. The main difference is that eCheck processing times are faster. Think of it this way – with a paper check, you have to fill out the check itself, send it to the business you’re paying, and then they have to process that payment. At that point, the process is identical to an eCheck, depending on the existing ACH network.
Here are the four steps of every eCheck transaction:
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1. Authorization Request
A business seeking payment must first get an authorization from the customer to proceed with the eCheck transaction. At real money online blackjack sites, this is done via an online payment form. Other businesses may use an order form requiring a signature or a conversation over the phone.
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2. Payment Set-up
Once the authorization is finished, the business receiving payment puts that payment information into their processing software. Payers can also set-up recurring eCheck payments at this time.
3. Finalization
After the information is entered and verified, the actual electronic ACH transaction process begins.
4. Confirmation and Deposit
Payments are automatically withdrawn from the customer’s bank account. The business has software which sends a payment receipt to the customer electronically. The actual payment is deposited into the appropriate bank account. Funds usually take three to five business days to deposit once the ACH process is triggered.
There’s no way around it – eCheck payments have to be associated with a personal checking account held at a bank. They can be used for a number of different purposes – shopping, online bill payment, and pretty much anything you could use a standard paper check for. Obviously, you can choose to use this method to fund an online casino account to play blackjack, provided all the above is legal where you live.
eCheck Fees
Good news for blackjack players using instant eCheck payments – they probably won’t cost you a penny.
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You can find plenty of blackjack sites that don’t charge a penny for these transactions, though most sites charge a couple of bucks. You should never pay more than $5 for the right to use an eCheck transfer. eCheck merchants (businesses who accept eChecks) pay relatively-small fees, and they pass that savings on to the customer as an incentive to use this really-convenient method.
These merchants pay between $0.30 and $1.50 per transaction, depending on the contract worked out between the merchant and the payment processor. Some merchant account hosts charge even less, because the market is really competitive. Others charge a monthly fee rather than a per-transaction fee. Basically, it costs so little for merchants to accept eChecks, and it’s so convenient for them, that they either eat the cost or charge you very little for the service.
Is It Safe?
We’ll be honest – ACH transactions aren’t necessarily the safest way to make a deposit. After all, you initiate these transactions by giving a business your bank account number and your bank’s routing number. Those two things can be used right away to withdraw money out of your account without your permission. This is sensitive information you’re handing over, and it requires some safeguarding on your end. Having said that, there are ways to set up ACH payments that protect your sensitive details.
According to data from national reporting agencies, about 3 out of every 10,000 ACH transactions are rejected because of suspected fraud. That means something like 0.0003% of all eCheck transactions are suspicious. That’s a very small number.
Conclusion
Blackjack players love eCheck casino deposits because they’re fast, they’re secure (depending as they do on the tough security measures of your bank), and they’re widely-accepted. Best of all, eCheck payments are free. Again, this is because they use the mechanisms already in place for the widely-used checking account payment system, and because the ACH system is the country’s most-active and most-secure payment processing system.