When you present your check for payment, your check is authorized through a specially designed, secure TeleCheck system that captures banking information and the amount of the check., During the transaction process, you’ll be asked to sign for authorization, either on a paper receipt or electronically.
Signing the receipt, is similar to signing for a credit card transaction. Your signature authorizes TeleCheck to present the check to your bank electronically, and to transfer funds to pay the business from which you’re purchasing goods or services. You will receive a copy of the receipt for your records.
Within one to two business days, funds will be withdrawn from your checking account. When you reconcile your bank statement these transactions will appear in the same area as debit transactions.. The check number, amount, and place where the check was presented will be included so you can keep track of each electronic transaction along with the rest of your bank transactions.