eChecks are beautiful things. The standard mail-you-a-paper-check process is really inefficient, and eChecks improve upon this process considerably. This is why we use eChecks.
If you're here, you probably have questions about them, so here are some common questions and answers about eChecks:
We email you a digital copy of your check. You download it, print it, and deposit it like you would a traditional check. No special equipment, paper, or ink necessary. Your standard office supplies will do.
Nope. Just a standard printer will do. No special ink or paper required. Isn't technology wonderful?
You betcha! This cannot get lost or stolen like a piece of snail mail. Authenticity of an electronic check can be validated just like a traditional check, and the technology and tracking behind electronic payment allows for more and better fraud prevention that you don't get with traditional paper checks.
Depending on your bank, you might be able to make a digital deposits without actually printing the check.
Alternatively, direct deposit is also available to you. See below.
We send payment and statements two business days following the close of each statement cycle. (Remember, the statement cycles close at midnight on the last day of the period.)
As a reminder, the imATHLETE payment periods are:
imATHLETE sends payments to all clients on the same schedule. This means that we're not able to hold your eChecks or deposits, send payment early, or create a customized payment schedule in any way.
If you are looking to keep the funds for an event separate from any other funds until the event closes, one potential alternative is to dedicate one bank account to the event and then set up direct deposit with imATHLETE so all the funds for the event are deposited there.
If you just need us to send the eChecks for one event somewhere else, that's no problem. Check out how to set up multiple payees for your event.
Check out this article here.