Electronic Check Conversion definition

Electronic Check Conversion will mean a one-time electronic funds transaction where a check, draft or similar paper instrument is used as a source of information to initiate the transaction.
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Electronic Check Conversion and means the process or system by which a paper check is converted to an electronic transaction.
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Electronic Check Conversion occurs when you authorize a merchant or other payee to make a one-time electronic payment from your checking Account using information from your check to pay for purchases or to pay bills via ACH or other electronic means.
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Examples of Electronic Check Conversion in a sentence

  • If you request a Stop Payment Order on an Electronic Check Conversion or other one-time debit transfer, we must receive the request, orally or in a record or writing, in a period of time that provides us a reasonable opportunity to act on it prior to acting on the debit entry, otherwise the Stop Payment Order shall be of no effect.

  • This process is known as an "Electronic Check Conversion." Electronic Check Conversions are transactions that are regulated by the Electronic Funds Transfer Act.

  • This Part governs your use of Electronic Check Conversion and Direct Deposit and Direct Debit Services, in addition to the terms in Part 1 above.

  • If you request a Stop Payment Order on an Electronic Check Conversion or other one-time debit transfer, or on a multiple or future debit entry transfer, we must receive the request, orally or in a record or writing, in a period of time that provides us a reasonable opportunity to act on it prior to acting on the debit entry, otherwise the Stop Payment Order shall be of no effect.

  • This Part governs Your use of Electronic Check Conversion and Direct Deposit and Direct Debit Services, in addition to the terms in Part 1 above.

  • If you do not want your check to be used for Electronic Check Conversion, you may have to provide another form of payment (for example, cash, debit card, or credit card).

  • Promise to Pay, Accord and Satisfaction, and Electronic Check Conversion..............................

  • ACH Stop payment orders include transfers for Electronic Check Conversion, Post-Dated Items, Recurring Preauthorized EFT & Single Preauthorized EFT transfers.

  • In the event that such limit is exceeded, First Data will notify RCSI of such occurrence and RCSI and First Data will attempt to mutually agree upon a new per transaction price for Electronic Check Conversion With Electronic Redeposit.

  • Fees for Electronic Check Conversion With Electronic Redeposits will be separately invoiced to RCSI.


More Definitions of Electronic Check Conversion

Electronic Check Conversion. You may authorize a merchant or other payee to make a one-time electronic payment from your checking Account using information from your check to pay for purchases or pay bills. Electronic check conversion is a payment process in which a merchant (after obtaining your authorization) uses your check to gather routing, Account, and check number information to initiate a one-time EFT. This type of EFT transaction involving a consumer account is covered by the EFTA. A description of the transaction will appear on your statement.
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Electronic Check Conversion. We do not impose a fee for each single entry withdrawal from your account. DIS-5075 Rev 8/25/2016
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Electronic Check Conversion is a process in which your Personal Account check is used as a source of information for the check number, bank Routing/Transit number and account number. The information is then used to make a one-time electronic payment from your Account or an “electronic fund transfer” from your Account.
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Electronic Check Conversion means that I can authorize a check, draft or similar paper instrument to be used as
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Related to Electronic Check Conversion

  • Electronic converter means a device capable of controlling and/or converting electric power for electric propulsion.

  • Electronic cleaner means a product labeled for the removal of dirt, moisture, dust, flux, or oxides from the internal components of electronic or precision equipment such as circuit boards, and the internal components of electronic devices, including but not limited to, radios, compact disc (CD) players, digital video disc (DVD) players, and computers. “Electronic Cleaner” does not include “General Purpose Cleaner,” “General Purpose Degreaser,” “Dusting Aid,” “Pressurized Gas Duster,” “Engine Degreaser,” “Electrical Cleaner,” “Energized Electrical Cleaner,” “Anti-Static Product,” or products labeled to clean the casings or housings of electronic equipment. “Electronic Cleaner” does not include any product that meets both of the following criteria:

  • Electronic ballot means a ballot that is recorded using a direct electronic voting

  • Electronic cigarette means any oral device that provides a vapor of liquid nicotine, lobelia, and/or other similar substance, and the use or inhalation of which simulates smoking. The term shall include any such devices, whether they are manufactured, distributed, marketed, or sold as e-cigarettes, e-cigars, e-pipes, or under another product name or descriptor.

  • Electronic Coupon means an electronic flight coupon or other value document held in our database.