What is the Difference Between Digital Checks and eChecks?

Posted by Checkbook on Jun 02, 2020

Digital Check and eCheck certainly sound similar, but the truth is, they couldn’t be more different.

Both eChecks and Digital Checks result in transacting the sending and receiving of money over the internet. The big difference lies in how the funds are sent and received. There are a few key features where eChecks and Digital Checks really show their differences.

1. eChecks are delivered via the ACH network as ACH files, and require the input of Account and Routing Numbers. Digital Checks are digital representations of paper checks and can be settled using the “Check21” process.
2. Digital Checks use secure email encryption technology and only need email addresses to send money. eChecks can’t offer the same level of security as Digital Checks and are not as protected. With eChecks, recipients are entrusted with protecting sender’s routing and account numbers.
3. Digital Checks can be deposited instantly, converted into a virtual card, or even printed out and taken to the bank. eChecks are notorious for getting “lost” in the digital realm, as they don’t update in real time and aren’t even assured in 3 business day settlements.

Checkbook has invented the Digital Check in the race to provide the best payment options. Our Digital Checks are the fastest and most secure and satisfy a myriad of client needs, whether they be sending money for individual, business, or government use cases. Reach out to our sales teams to learn about how our products can solve your problems.