What is an electronic check payment?
An electronic check payment is an electronic withdrawal from either a savings or checking account at any US bank or credit union. MSU does not charge for this type of payment. To process your electronic (ACH) payment the payer will need their bank’s 9-digit routing number (found on the bottom left corner of a check) and their account number. We do recommend you check with your banking institution for your actual account number. Payments rejected due to inaccurate account numbers are subject to a $25 bad check/ACH fee. A $50 late registration fee will also be assessed to a student whose registration check/ACH does not clear the bank when presented.
Paying with an electronic check is similar to a paper check transaction. It enables you to pay directly from your existing personal checking account and is processed using the system banks use for electronic deposits and payments. The electronic check option requires that you enter the numbers imprinted on the bottom of your paper check – your bank routing and account numbers. TeleCheck® converts your account information into a standard electronic funds transfer item and then processes it through the Automated Clearing House (ACH) network. This is the same system that handles ATM transactions and the direct deposit of payroll checks. Think of it as a check without the paper.
Paying with an electronic check is similar to a paper check transaction. It enables you to pay directly from your personal checking account and is processed using the system banks use for electronic deposits and payments. The electronic check option requires that you enter the numbers imprinted on the bottom of your paper check – your bank routing and account numbers. TeleCheck® converts your account information into a standard electronic funds transfer item and then processes it through the Automated Clearing House (ACH) network. This is the same system that handles ATM transactions and the direct deposit of payroll checks. Think of it as a check without the paper.
