What is a Digital Check?
Posted by Checkbook on May 26, 2020
Checkbook.io’s Digital Check takes the Paper Check of the past and digitizes it. This end-to-end online solution completely rids the payment process of a paper-trail. Digital Checks are sent via email while encrypting sensitive information in order to make their delivery completely safe. Once a recipient’s Digital Check arrives in their email inbox, it can be deposited either via the following options:
Traditional ACH - Funds can be pushed to a recipient’s bank account within 3-4 business days.
Print-At-Home and Mobile Deposit- A check image is generated that can be printed using normal ink at home and deposited either via the Mobile Application, ATM or taken to the Bank Teller.
Real-Time Push To A Debit Card - Funds shall be in the recipient’s Checking Account within 18 seconds.
Real-Time Generation Of A Virtual Card (VCC) - Funds are stored in a Credit Card that can virtually be added to the Apple Wallet or Google Pay applications and used when needed.
Checkbook’s Digital Check offers newfound freedom in the payment landscape; a recipient’s hard earned money can be cashed using their method of choice!
What a Digital Checks brings to you is Security and Speed. Paper Checks are a relic of the past. Our world is, and will continue to, run on Digital Checks. And all this for less than a dollar!
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In addition to time, if you’re like most small business owners, bookkeeping and general finance aren’t at the top of your to-do list, but nonetheless, they could still eat up a lot of your time and attention.
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The total economic loss here is insane, especially just to transfer money from one person to another.
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"Checkbook.io is a digital checkbook alternative that replaces the act of writing and mailing paper checks with a simple email exchange. The best part is, neither the sender or the receiver of the "check" needs to sign up for a service to get started and neither side sees each other's financial information.", notes Holly Johnson of Business Insider