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banking

Strategies to Prevent Money Laundering

Money laundering is a sneaky way criminals try to make their dirty money appear clean and legitimate. While it’s mostly used to hide cash from shady sources, sometimes it’s also used to secretly stash away legally-earned money, like in messy divorces where one partner tries to keep their assets hidden from the other. The process …

banking

Decoding the Process of Electronic Check Conversion

**What is Electronic Check Conversion?** Electronic check conversion is a process where your check is used primarily to gather information, such as the check number, your account number, and your bank’s identification number. This information is then used to make a one-time electronic payment directly from your account, replacing the traditional check payment method. **How …