How do merchants establish a Check 21 account?
For merchants clearing transactions through their own business bank, the application process is extremely simple, with little paperwork required. Accounts are set up quickly, usually within 2 business days. There are no reserves.
For merchants clearing through a processor account, the application process is similar to an ACH account. You submit an application and due diligence documents including Articles of Incorporation, 2 months business bank statements, driver’s license and voided check for the account where funds will be deposited.