How Do Checks Work

Checks work as negotiable instruments used for transferring funds between bank accounts. When someone writes a check, they authorize their bank to pay a specified amount to the recipient. The recipient can then deposit the check into their own account, and the funds are transferred from the payer’s account to the recipient’s account through the banking system, typically within a few business days.

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Emagia is a leading provider of AI-powered Order-to-Cash (O2C) automation platform that modernizes finance operations for midsize to large global businesses. Many global businesses and shared service centers use Emagia’s Enterprise Receivables Management System to transform to digital world-class operations in credit, invoicing and payments, receivables, collections, deductions, cash application and cash forecasting. Emagia solutions improve their customers DSO, cash flow, credit risk, operational cost, compliance and profitability.

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