Checks

How to Deposit funds by Check

To perform a Check Deposit you need to access the ECash Direct software. Instructions on how to find the ECash Direct main screen are available here.

This is a two-step transaction:

Step 1 involves completing the online deposit form within the ECash Direct system; and Step 2 involves delivering a check to ECash Direct.

Step 1.

To complete the online deposit form you need to specify four pieces of information that you can obtain directly from your check:

1. Name on check
2. Amount of deposit in US Dollars
3. Check number (top right hand corner of the check)
4. Account number (lower line of the check)

To ensure the fastest possible service, the information on your check must match the information keyed onto the online deposit form exactly.

Step 2.

Once you have filled out the online form, you must mail your check to:

ECash Direct Ltd
41-49 Agiou Nicolaou Street
Block A 3rd Floor
Engomi, 2408
Nicosia, Cyprus

Your check should be made payable to:

ECash Direct(UK) Limited

Make sure you include your account number on the front of your check as a reference, so we know which account to credit when we receive it. Your account number is displayed on the ECash Direct Check Deposit screen.

Deposit Limits

There is a maximum per month deposit limit of US$10,000 or currency equivalent. This is the largest amount of money that ECash Direct will post to your account by check during a single calendar month.

Processing Rules

Transactions are completed during the same working day that an online deposit request and a matching check is received by ECash Direct. The deposited funds are available for use immediately upon completion of the deposit by ECash Direct. If the information provided by you on the online deposit request and the check do not match then an ECash Direct representative will contact you to provide assistance.

Once you have entered an online deposit request that matches the information on the check, your funds will be posted to your ECash Direct account. There is no fee for using this service.

The address of the check must match the address you have entered in the ECash Direct account. If the information does not match, the check cannot be deposited into the account.

While your funds are available for use immediately, you may not transfer or withdraw funds generated by a check deposit for a period of 30 days after the funds appear on your ECash Direct statement. For purposes of withdrawal or transfer these funds are effectively on hold during this period of time.

A specific example of funds on hold is provided below. Please note that this example relates to a specific case only. Your actual balance and on hold amount may vary depending on promotions, winnings and additional deposit and withdrawal activity.

Description	Transaction	Balance	On Hold
Your ECash Direct balance prior to your check deposit		$30	$0
After you complete an online deposit, but before your check is received by ECash Direct	$100	$30	$0
As soon as a check is received that matches your online request *	$100	$130	$100
Available for use immediately after the funds are deposited		$130	$100
Your withdrawal limit from the date of deposit until the next 30 days	$30	$130	$100
Available for withdrawal or transfer after 30 days following deposit	Your Balance	Your Balance	$0

Transaction Reporting

Check deposit transactions are displayed on your ECash Direct statement as CHD