Registering for ECP Before You Can Withdraw by ECP Accessing the ECP Withdrawal Screen How to Withdraw by ECP Processing Rules Transaction Reporting

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Registering for ECP

To benefit from the advantages that ECP provides, an agreement must be processed by ECash Direct to initiate ECP transactions with your bank. Click here to access the ECP Registration information page.

Before You Can Withdraw by ECP

Prior to being able to withdraw by ECP, you must first attempt to withdraw funds via credit card if credit card was the means of the original deposit. Otherwise you will be prompted to use other withdrawal methods.

In addition, if you have deposited by ECP you may not transfer or withdraw funds generated by an ECP deposit for a period of seven business days after the funds have been deposited into your ECash Direct account. The deposited funds are on hold during this period. You will be able to transfer or withdraw funds after the seventh business day (after 12:00pm EST). Holidays are not included in the seven business days. You may not be able to withdraw all your funds if there are other holds in place such as fulfilling Merchant promotional requirements.

Accessing the ECP Withdrawal Screen

To perform an ECP Withdrawal you need to access the ECash Direct cashier. To access the ECP Withdrawal function from the ECash Direct main menu click on the WITHDRAWAL button. The Withdraw from ECash Direct account screen appears. To access the ECP Withdrawal screen you need to click on the By Electronic Cheque tab.

How to Withdraw by ECP

The amount of withdrawal in US Dollars or currency equivalent must be specified in the amount field.

Certain information may be required in order to secure the transaction.

Withdrawal Limits are in place.

Processing Rules

There is a fee of US$1 or currency equivalent per transaction for using this service. Funds will be posted to your bank account within two to seven business days following your request.

Transaction Reporting

It is important to keep a record of all of your electronic cheque withdrawals. To help you maintain these records you should be aware that your electronic cheque withdrawals are recorded and reported on your bank statement and your ECash Direct statement.

ECP transactions are normally noted 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 withdrawal transactions are normally displayed on your ECash Direct statement as ECW. ECP fee charges are normally displayed on your ECash Direct statement as ECI.