Checks Direct Deposit Funds Availability 
Stax
MARCH 27, 2025
Thats why 92% of consumers and 82% of companies reportedly made the switch to electronic payments, like Electronic Funds Transfers (EFT) and Automated Clearing House (ACH). Checks can bounce, and cash can get lost. TL;DR: Electronic Funds Transfer (EFT) is the umbrella term for all electronic payments made between bank accounts.
Payment Savvy
NOVEMBER 14, 2022
If you’re familiar with traditional check processing, where banks manually process physical paper checks and deposit funds into the appropriate bank accounts, then you probably get the idea of electronic checks. Below, we detail how electronic checks work, their benefits, and their best applications.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Payment Savvy
MAY 16, 2023
Instant ACH transfers are a modern innovation in digital payments, allowing for near-real-time movement of funds between bank accounts. Unlike traditional ACH transfers, which can take several days to process, instant ACH transfers significantly reduce the waiting time, making funds available to recipients within minutes.
PYMNTS
NOVEMBER 20, 2020
Employers have commonly relied on paper checks to compensate unbanked employees, but many businesses are finding this method more difficult to use during the COVID-19 pandemic. Issuing physical checks every two weeks can also challenge employers that cannot safely allow AP staff on site to use check printers. .
PYMNTS
JULY 30, 2020
Initial attempts to deliver many of these stimulus disbursements via paper checks were met by frictions, however, which partly prompted the federal government to provide four million consumers with funds on prepaid debit cards instead. The amount of labor that goes into physically preparing and printing checks can be a speed bump.
PYMNTS
SEPTEMBER 26, 2019
Common forms of pull payments include debit cards and paper checks. Payers provide PINs or signatures, which grant recipients permission to extract funds. Slower payment methods, such as checks, can leave merchants in the dark for weeks. When ‘Pull’ is Not Fast Enough.
PYMNTS
JANUARY 8, 2019
Chime also offers tools that are particularly appealing to younger banking customers, such as automatic savings pushes that instantly round up purchases to the next dollar (a la Bank of America’s Keep the Change program) and options to automatically deposit 10 percent of the customer’s direct deposit payroll into savings.
Expert insights. Personalized for you.
88 
Let's personalize your content