Electronic check clearing otherwise known as ECC banking is common at most major banks in the United States. However, if you applied as a foreigner for your account from abroad, you may have difficulty accessing this particular service.
Likewise, not all banks offer electronic check deposits to their customers. And, unfortunately, many of the US banks that open accounts for non-resident individuals and businesses do not offer ECC banking at all. This can be especially frustrating if you are a non-resident who receives checks from US sources and you can’t easily visit a branch in person.
Feel free to jump ahead to the areas most relevant to you by using the table of contents below.
Table of Contents
- ECC Banking 101
- Which Banks Offer ECC Banking?
- Frequently Asked Questions
- Ready to Open Accounts With Banks in the USA?
ECC Banking 101
ECC banking refers to the electronic check-clearing process that individuals and businesses use to deposit physical checks into their accounts remotely.
There are many benefits to ECC banking, including time savings, speed of processing check deposits, reduced human error while inputting, and more.
And, while mobile technology hasn’t always been reliable when it came to correctly reading and processing checks in the past, this has improved and reached a point where mobile banking systems seamlessly support this integration.
But, for non-resident individuals and business owners, the biggest benefit is the ability to deposit checks into their accounts remotely without needing to coordinate an in-person visit.
Please note: If you are looking for more details on how bank accounts work in the United States, ranging from what executors need to show beneficiaries to which nationalities will struggle to open accounts, please use the other free resources on our website.
Before diving in any further, if this is your first time visiting GlobalBanks, don’t forget to download your FREE US Banking Starter Guide. It’s designed to help non-residents with opening bank accounts at top financial institutions in the US.
Which Banks Offer ECC Banking?
As mentioned, most major banks in the United States offer ECC banking. However, many non-resident individuals and businesses will struggle to open accounts with these banks remotely.
Additionally, branch and banker selection is very important when deciding where to open as a non-resident, which is why our team has created a detailed report outlining the entire account opening process.
- US Banking for Foreigners, Non-Residents, & Int’l Businesses
In this report, we share important strategies for opening accounts as a non-resident 100% remotely.
This includes accessing banks that offer electronic check-clearing services for both individuals and businesses.
The report also includes detailed bank profiles, lists of available banks and their preferred client types, and how to successfully open accounts.
To get access to this report, you just need to join GlobalBanks USA, which is our dedicated US bank account opening service (more information below).
Frequently Asked Questions
Below are two of the most common questions that we receive from people looking for information on ECC banking options in the USA. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
What Is an Electronic Check Clearing System?
An electronic check clearing system is the process through which bank customers can deposit paper checks remotely. In most cases, this is done through an application on their mobile device, which can read the check and then process the deposit.
How Long Does it Take For an Electronic Check to Clear the Bank?
Electronic checks are typically deposited within 24 to 48 hours. However, it does depend on several factors, including whether the funds are available in the checking account of the individual or business that issued the check.
Ready to Open Accounts With Banks in the USA?
If so, you can get access to GlobalBanks USA (our dedicated US banking service) in just a few clicks.
GlobalBanks USA is a 100% personal account opening solution. It provides direct access to our team of US banking experts.
When you join, you receive…
+ Expert suggestions on where to open US bank accounts.
+ Step-by-step support to navigate opening US bank accounts.
+ Direct introductions to helpful and responsive bankers.
+ Plus, detailed guides to maximizing the value you get from your new US bank account.
And “yes!” GlobalBanks USA helps foreigners and non-resident individuals open bank accounts.
In fact, GlobalBanks USA even helps non-resident US LLCs and foreign & offshore entities.
To learn more about GlobalBanks USA, visit the product page to see how our team can help you successfully open US bank accounts!
