Introduction

What is eCheck

Features of eChecks

Flowchart of the eCheck transaction

Contact us

An eCheck is a check issued in electronic form with an electronic signature instead of a written signature or a physical seal. The scope of eCheck covers crossed check (limit to a deposit account only), promissory note payable by/through banks, and bankers’ acceptance draft.   　　Pursuant to the Paragraph 2, Article 4 and Paragraph 1, Article 9 of the "Electronic Signatures Act", and the "Negotiable Instrument Act", TCH stipulated the "Rules for Financial Institutions Participating in Electronic Checks Clearing " and the "Contract for Electronic Check Accounts", clearly identifying the legal responsibilities and obligations of all interested parties in the operation of eCheck. The eCheck is designed to provide better security protection in comparison with other electronic payment instruments currently available.   　　The following box shows a specimen of eCheck, including the main body and the electronic signature of the eCheck. The optional memo column below and the optional attachment file column may be used to dispatch files to provide extra information.     An effective eCheck must satisfy the following requirements: (1)   The legal mandatory information of an eCheck should be the same as in a paper check. (2)   The payee column on an eCheck must not be left blank, and should bear the payee’s identification code. (3)   The payee’s e-mail address should be included on an eCheck. (4)   Only one payee can appear in one eCheck. (5)   The payee’s identification code can be replaced by a nominated deposit account number.  Signature: The eCheck should be signed with a digital signature.