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 — including Wells Fargo, USBank, Bank of America, City Bank, Chase and Bank of the West. If you do not have an account at one of these institutions, the average time from receipt to deposit is 1-3 banking days. All checks received before 3 pm (PST) Monday-Friday are processed on the same day. All checks received after 3 pm (PST) are processed the next banking day. Friday after 3pm (PST) will be processed the following Monday (or Tuesday on holidays.)
Once you complete the Sign Up form 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.