A check paid directly from a checking account through the Internet is known as a(n):
A) limited check
B) electronic check
C) certified check
D) cashier's check

Question

​A check paid directly from a checking account through the Internet is known as a(n):
A) ​limited check
B) ​electronic check
C) ​certified check
D) cashier's check

Quizplus · Accepted Answer

Electronic checks, or e-checks, are a form of payment where funds are electronically withdrawn from the payer's checking account, transferred over the ACH network, and deposited into the payee's checking account. This process utilizes the Internet for the transaction, making option B the correct answer.

​A Check Paid Directly from a Checking Account Through the Internet

A Check Paid Directly from a Checking Account Through the Internet