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LeoGlossary: Electronic Check Conversion

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leoglossary@leoglossary
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10 months ago - 1 minutes read

Electronic check conversion is a process in which your check is used as a source of information-for the check number, your account number, and the number that identifies your financial institution. The information is then used to make a one-time electronic payment from your account-an electronic fund transfer. The check itself is not the method of payment.

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