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To benefit from the advantages that ECP provides an agreement must be processed by ECash Direct to allow ECP transactions with your bank. Click here to access the ECP Registration information page. Accessing the ECP Deposit Screen To perform an ECP Deposit you need to access the ECash Direct cashier. To access the ECP deposit page within the Cashier, please select Deposit from the main menu, then select Electronic Cheque from the drop down menu. The deposited funds are available for use immediately. There is no fee for using this service. In order for the deposit to be completed successfully you must have sufficient funds within your bank account. If you do not have sufficient funds your bank may charge you fees for this transaction. Please refer to the Transaction Terms Summary in the application for current deposit limits. Transactions are generally completed within one minute of being entered. The deposited funds are available in your ECash Direct account as soon as the transaction is approved. You may not transfer or withdraw funds generated by an ECP deposit for a period of seven business days (after 12:00pm EST) after the funds have been deposited into your ECash Direct account. The deposited funds are on hold during this period. The following table depicts an example of funds on hold after depositing US$100 or currency equivalent by ECP. Please note that this example relates to a specific case only. Your actual balance and on hold amount may vary depending on promotions, additional deposit, and withdrawal activity.
It is important to keep a record of all of your electronic cheque deposits. To help you maintain these records you should be aware that your electronic cheque deposits are recorded and reported on your bank statement and your ECash Direct statement. ECP transactions are normally displayed on your bank statement as a "pre-authorized payment," with the code TCR (Transfer Credit for Refund) or TDR (Pre-authorized Payment for Deposit Transaction). ECP deposit transactions are displayed on your ECash Direct statement as ECD.
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