A demand draft is an authorized payment from a customer, created by eDebitDirect’s software, using the customer’s bank account information. While it is similar to a check, no physical check or signature is required.
We offer same-day deposits with most major banks. Deposits are completed same day, Monday – Friday, if the payment is entered by our cut-off time of 3pm PST. Payments entered after the cut-off time will be processed the next business day.
It can take as little as 24 hours to complete the registration process given that the paperwork is complete and the business has been verified and all supporting docs have been submitted. We do our best to ensure that the process is quick and easy as possible.