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All about Check Verification/Guarantee
In verifying/guaranteeing a check, funds are not being moved. Check
Verification/Guarantee is only a one step process. There is no need for re-transmission
(batch settle/close).
1. Check Verification -- Verification allows you to verify that the check writer has an
account that does not have any “negative flags” for that method of check verification
(driver's license, MICR, etc.).
2. Check Guarantee -- Guarantee first performs a Check Verification, and then
guarantees that the funds are available, regardless of how much money is actually in
the check writer's account.
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