How to Deposit funds by Cheque Deposit Limits Processing Rules Transaction Reporting Withdrawing Funds by Cheque

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How to Deposit funds by Cheque

To perform a Cheque Deposit you need to access the ECash Direct software. Instructions on how to find the ECash Direct main screen are available here.
This is a two-step transaction:

Step 1 involves completing the online deposit form within the ECash Direct system; and,
Step 2 involves delivering a cheque to ECash Direct

Step 1. To complete the online deposit form you need to specify four pieces of information that you can obtain directly from your cheque:

1. Name on cheque
2. Amount of deposit in US Dollars
3. Cheque number (top right hand corner of the cheque)
4. Account number (lower line of the cheque)

To ensure the fastest possible service, the information on your cheque must match the information keyed onto the online deposit form exactly.

Step 2. Once you have filled out the online form, you must mail your cheque to:

ECash Direct
Nimeli Court
41-49 Agiou Nicolaou Street, Block A, 3rd Floor
Engomi, 2408 Nicosia, Cyprus

Your cheque should be made payable to: ECash Direct

Make sure you include your account number on the front of your cheque as a reference, so we know which account to credit when we receive it. Your account number is displayed on the ECash Direct Cheque Deposit screen.

Deposit Limits

There is a maximum per month deposit limit of US$10,000 or currency equivalent. This is the largest amount of money that ECash Direct will post to your account by cheque during a single calendar month.

Processing Rules

Transactions are completed during the same business day that an online deposit request and a matching cheque is received by ECash Direct. The deposited funds are available for use immediately upon completion of the deposit by ECash Direct. If the information provided by you on the online deposit request and the cheque do not match then an ECash Direct representative will contact you to provide assistance. Common errors include, typing your cheque number in the account number box and vice-versa. Once you have entered an online deposit request that matches the information on the cheque, your funds will be posted to your ECash Direct account. There is no fee for using this service.

The address of the cheque must match the address you have entered in the ECash Direct account. If the information does not match, the cheque cannot be deposited into the account.

While your funds are available for use immediately, you may not transfer or withdraw funds generated by a cheque deposit for a period of 30 days after the funds appear on your ECash Direct statement. For purposes of withdrawal or transfer these funds are effectively on hold during this period of time.

A specific example of funds on hold is provided below. Please note that this example relates to a specific case only. Your actual balance and on hold amount may vary depending on promotions, winnings and additional deposit and withdrawal activity.

Transaction Reporting

Cheque deposit transactions are displayed on your ECash Direct statement as CHD.