Draft Check

Draft Check

Slang; a post-dated check. That is, a check with a date after the current one written on it. In most circumstances, a draft check may not be deposited until the date written on it is reached. This gives the writer time to collect money so as not to write a bad check. Post-dating checks is strongly discouraged.
References in periodicals archive ?
The second required visit, the First Draft Check, occurs after students write a completed rough draft of the paper.
The issue of image quality becomes even more vital to banking operations as discussions continue on the draft Check Truncation Act (CTA), proposed by the Federal Reserve.
com)-- Retail companies and service companies that need to collect check payment can print draft check easily in house with ezCheckDraft software from halfpricesoft.
ezCheckDraft software can print pre approved draft check in house easily,” said Halfpricesoft.
com)-- Printing draft check and collecting payment via phone, fax in house should not be headache for small businesses any more.
NterGlobal Payment Solutions is a global, multi-product payments transaction processor offering services such as RCK NSF check recovery and BNSF check recovery under its Check Recovery Systems brand as well as ACH processing, electronic funds transfers and draft check processing.
com announces a new check draft printing software called ezCheckDraft in response to customers' requests for the easy-to-use bulk draft check software.
13 /PRNewswire/ -- Your Money Access, LLC ("YMA" or "the Company"), a multi-product payment solution provider, announced that starting Monday, January 31, reserves for merchants in the ACH and Draft Check processing business lines will be calculated on the net settlement amount instead of the gross settlement amount.
This new edition also include enhancements that will allow customers to print QuickBooks check on white paper, print draft check to collect money, or to print blank check to pay bill manually.
With the initial phase of the integration plan complete, the company is in a strong position to demonstrate its enhanced market value to merchants, including initiatives to accelerate reserve monies back to them in its draft check processing business line.
Customers can use ezCheckPrinting software to print regular check to pay bill, print draft check with collect payment by fax and print blank check to fill in manually.
YMA is the industry leader for draft check processing.