Get paid easily using check by phone facility from Zil Money. We help business firms to pay and get paid instantly through our check by phone facility. The process is also called a check drafting facility. Now you can stop waiting for checks on the mail. Just make check drafts. This remotely created check over the phone can be then cashed. One time payments or recurring payments can be received by using this facility from Zil Money. There are three main steps involved in this and your job is done.
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There are three main steps involved in the check by phone process. All banking information of the account holder is collected first and then the check draft is printed. As the details are taken over the phone, there will be no signature of the account holder on the checks. There are possibilities to make it recurring for recurring payments such as bill payments, rents, and so on. As there will be no signature at the signature area of the check “no signature required” is given. The account details that should be collected by the receiver include bank account number, bank routing number, date, amount, and the memo column.
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In case the vendor wants to collect money from the account holder, the account holder provides a check to the vendor and subsequently, the vendor can collect money from the bank. However, in the case when the account holder not near and not easily accessible, checks by phone facility are used by the vendor. Entire details are collected from the account holder by the vendor over the phone and a check is created with all these details. After receiving the entire check details from the account holder, the vendor can create a check using Zil Money with all the details except signature. These checks can either be printed and can be cashed or can be sent as digital checks which are free of cost. These checks are deposited in banks just like any other checks and cash is received. This can be done as a one-time payment or else for recurring payments as well.
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