Certain financial institutions and online service providers facilitate electronic check transactions. This typically involves providing checking account and routing numbers, similar to setting up a direct deposit or online bill pay. One common example is paying rent or utilities through a property management portal or online payment system.
The ability to utilize checking accounts for online payments offers convenience and accessibility for individuals and businesses. It provides an alternative to credit or debit cards, broadening payment options. Historically, checks represented the primary non-cash payment method. Adapting this established system to the digital landscape bridges traditional finance with modern online practices.