The online check is a system that allows a US bank account holder to make deposits online using a personal check from their checkbook. Clients can fill in the form online using information printed on their check as a guideline and void the check to ensure they do not use a second time.
Can an International client fund using the online checking system?
At this time, Webcheck is only available to US residents with USD denominated bank accounts held in the United States.
What type of check can you accept via the online checking system?
We can only accept Individual Personal Checks via the online checking system. We are unable to accept any Business or Third Party Checks.
How much does an online check deposit cost?
Online check deposits are a free service provided by FXCM. A fee of $25 will be charged to a client by the banks involved in the transaction should their check bounce due to Insufficient Funds.
How long will it take for my funds to clear?
Online checks under $5000 will clear in 2 business days and Online checks above that amount may take up to 5 business days to clear.
Will I receive a receipt of my transaction?
Within minutes of making a deposit an email containing a transaction number will be sent to the email address submitted on the online check request form.
Is the website secure?
The online checking site is a secure site. Added security measures include recording the exact time of your transaction (Pacific Standard Time) and the IP address from which the deposit was enacted.
