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Beginning on March 17, 2008, when you provide a check as a payment, you authorize us to use the information from your check to make a one-time electronic fund transfer from your account to process the payment as a check transaction.
When we use information from your check to make an electronic funds transfer, funds may be withdrawn from your account as soon as the same day we receive your payment and you will not receive your check back from your financial institution.
For more information visit the Federal Reserve Website at www.federalreserve.gov/pubs/checkconv/
Material found at the community web portal. WWW editor - Steve Koehl. Revised: May 29, 2008.