|
|
What settlement methods are available?
Home » Accounting » Check Verification » What settlement methods are available?Different companies offer different methods of settling bad checks, assuming they guarantee the checks they verify. Depending on the size of your company and type, whether private, public, or utility, you may get a different method.
Different methods include paper drafts, which are printed and sent to you or your bank; electronic check processing, which is settlement through the Automated Clearing House Network, reserved for high-volume companies; direct settlement, which includes real-time, direct-to-account credit with guaranteed funds for large companies; and other similar methods. Ask the company you’re considering how they guarantee funds, and what settlement methods are available. Make sure to hammer out these details before you sign on the dotted line.
Related Check Verification Articles
- What is Check Verification?
- What are the benefits to using Check Verification?
- What should I ask/make sure of when selecting a Check Verification company?
- What settlement methods are available?
- In what cases might a Check Verification company deny a check?