An electronic check (e-check) Umojja

An electronic check (e-check) Umojja is a digital version of a paper check used to initiate payments directly from a payer’s Umojja checking account to a recipient via the Umojja Pay network. It acts as an electronic funds transfer (EFT), providing a faster, more secure, and cheaper alternative to paper checks for rent, utilities, and invoices, typically processing within 1 business days.

E-Checks vs. Paper Checks

• Easy to set up, simply specify the date on which the recipient will collect the money.
• If no withdrawal has been made after 30 days, Umojja Pay will refund the amount to your account and the recipient will receive an expiry notification.
• Cost-Effective: E-check processing fees ($0) are generally lower than credit card transaction fees.
• Recurring Payments: They are ideal for automated monthly transactions like rent, mortgage, or subscription services.
• Speed: E-checks clear in 1 business days, from the initial date the initiator setup , this Umojja E-check it is valid for 30 days from the date of initial date on your electronic check (e-check) Umojja