Check conversion is the process of:
A) recording all checks electronically for retention purposes.
B) displaying a copy of all your checks on your bank statements.
C) debiting your bank account at the point of sale when you pay by check.
D) converting a one-time payment into repetitive payments of equal amount.

Question

Quizplus · Accepted Answer

Check conversion involves the merchant scanning your paper check and processing it electronically, debiting your bank account at the point of sale just like a debit card transaction. This is known as automated clearing house (ACH) processing.

Check Conversion Is the Process Of