#REMOTELY CREATED CHECKS CODE#

Bill payment, where the consumer authorizes a creditor such as a credit card company to create a remotely created check in order to timely pay a bill that would otherwise be late if paid with a traditional paper check.ħ.

Return item fees, created by merchants to cover fees for returned checks Ħ. Depository transfer checks, instances where companies initiate transfer payments between their accounts, some of which may be between different banks.ĥ. Telephone purchases, typically, where telemarketers call selling products or services to companies or individuals, and the telemarketer requests information from the consumer about its bank account for the purposes of obtainingĤ. ACH administrative returns, where the ACH item is returned because the information originally provided from the MICR line cannot be properly processed and the merchant resubmits the ACH item as an unsigned draft.ģ. Pre-authorized drafts, where for example, a consumer approves a payment of its insurance policy and the company issues an unsigned draft.Ģ.

#REMOTELY CREATED CHECKS CODE#

For RCC items the number “6” is used here in CODE LINE 44, just before the routing number.Īccording to a recent report from the Atlanta Federal Reserve, the most common uses for RCC items are:ġ. To differentiate an RCC from an original check, a special code is entered in the MICR line called the External Processing Code (EPC).

In place of the signature is a statement like this: The RCC is then Remotely Created to comply with all Check21 regulations, but has NO SIGNATURE REQUIRED. RCCs can be authorized by phone, fax or online by providing the routing number and account number from the original check’s MICR code line.

It is essentially a “Check” created by the Payee or the recipient of the payment, but authorized by the account holder, or Payor remotely. A Remotely Created Check, or Remote Created Check (RCC), is also called a Check Draft, Demand Draft or a Check 21 Demand Draft or a “Check by Phone”.

Remotely created checks