Frequently Asked Questions
How does this work?
What is it?
How does this work? What is it? BetterCheck™ is a virtual terminal that allows you to log
into any web browser with your username and password and verify that an account
is open, and funds are present. Account results are provided for any U.S.
checking account that is part of the BetterCheck™ banking network. BetterCheck™is only $99 to set up, and that includes the virtual terminal. Each verification is just 50˘. When you start you will add $25 to the account, and 50˘ will be deducted from your balance with each verification that is located in our system. You are not charged for verifications that are not in the system, although banking data is still displayed if the routing number is valid. Minimum replenishment on BetterCheck™ accounts is $50 and there is a $10 monthly minimum on all open accounts. Demo
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Many, but not all banks are listed in our system.
More and more banks are available each month. Currently over 400 million
accounts, or about 91% of all known bank accounts are located in our
network. The BetterCheck routing database has a 99.9% routing
number location rate, and routing and bank details are provided
regardless of account status. BetterCheck™does not guarantee funds, or hold
funds aside. The BetterCheck™system will verify that the account is open
and has a positive balance as of the start of business, today. There is
no guarantee that funds will still be available the day the check is
presented. Optional use of the check number, or exact dollar amount in
the amount field, will also allow the system to look for stop
payment orders on the item. The system responds in seconds to any inquiry. The response is in real-time and is based on the data the participating bank provided about the accountholder as of the start of business, today. Deposits or withdrawals made during the business day will not be reflected in the BetterCheck™ network until the bank's next business day. Demo | Request Info | Order | Top Is there a way to process batch files / upload? This is a feature available in the Advanced
BetterCheck system. The advanced system is detailed at: Demo | Request Info | Order | Top Are discounts offered for high transaction volumes? All transactions processed via the virtual terminal in BetterCheck™ will bill at 50 cents, regardless of volume. We offer a new system called Advanced BetterCheck™ that has volume discounts based on your replenishment level. Transaction prices are as low as 39 cents. For details you must visit: http://advanced.bettercheck.com. Demo | Request Info | Order | Top Am I charged for non-participating accounts? No account information, no charge. There is no charge for bank accounts not listed in the BetterCheck™ network. Most banks are participants, but if the bank does not participate, the routing number will be validated and BetterCheck™will provide the bank's contact details at no charge, so you can manually verify funds using the phone number provided. Demo
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How are stop payments detected? When the optional check number is entered in an account verification query and the account is located, the stop payment response will appear if the check number is noted as being stopped by the accountholder. If you type in the exact amount of the check, the system will also locate stop payment orders based on this criteria. A decline will be provided for Stop Payment but the specific reason will not be given. Demo
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APPROVED - This means the account is located in the BetterCheck™network, the account is listed as an open, valid account, with a positive balance at the beginning of the business day. Top DECLINED: These are the reasons your item may be
declined: ACCOUNT CLOSED - This means your account was located as part of the BetterCheck™network but the bank has listed the account as being closed as of today's date. Top STOP PAYMENT - This response is issued only if a check number is entered. When STOP PAYMENT is displayed, this means the check number you have entered is flagged with the bank. The bank has reported to the BetterCheck™network as of today's date, that check number has a STOP PAYMENT hold. Top NO DEBITS - This response is issued when the account is located in the BetterCheck™network, but is noted not to accept debit entries. This usually means electronic debits and ACH transactions on this account will be declined, refused or reversed if submitted. A NO DEBITS account should accept paper checks and drafts normally. If you receive this response and you are validating a check or draft, it signifies and APPROVAL. Top NO CHECKS - This message signifies the bank account has been located in the BetterCheck™network and is an open and valid account. This account should accept electronic debits via ACH or ATM but MICR items such as paper checks or drafts will be returned unpaid according to the financial institution. Top UNCOLLECTED FUNDS - This response is a DECLINE. It means the account was located in the network and the AVAILABLE FUNDS in the account as of today are less than, or equal to ZERO. This message takes AVAILABLE funds into account. You may want to re-verify this account at a later date to see if newly deposited funds have become available. This message indicates that if the item were presented to the bank this morning, it would have been returned unpaid. Top NON-DDA ACCOUNT - This response is typically issued on accounts that are not bank accounts. This could be a credit card convenience check, home equity line of credit check, money market account or other non-standard account with checking. This message indicates that the account is located in the BetterCheck™network but electronic debits are not permitted on the account. Top NON-PARTICIPANT - The bank you have entered is not part of the BetterCheck™network and does not report accounts and standing to the system. You are not charged for verifications that are not located, however, you will be provided with the name of the bank if the routing number is valid. You will also be provided with the bank's phone number and mailing address for their ACH processing department. You may be able to call this phone number to obtain telephone funds verification or get further details on the account. This information is provided at no charge to users of BetterCheck™. Top ATTACHED - This account is located in the BetterCheck™system, however, it is noted by the bank that the account is subject to garnishment, levy, lien or court order. This account may have a restriction as to maximum amount or other limitations. Top UNAVAILABLE - This message displays if the BetterCheck™ network is busy or unavailable. You will not be billed, please try again in a few minutes. Top Demo
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BetterCheck™ is a new product from yourfavorite.com. Yourfavorite.com has been providing software to the payment industry since 1996. Yourfavorite.com publishes CheckWriter™ brand check-by-phone software, as well as RoutingTool™, the routing number verification software, and 123ACH, the electronic fund transfer virtual terminal for ACH. Get set up with BetterCheck™ today | Home | Demo | FAQ | Request Info | Login | Order | New - "ABC" Advanced BetterCheck 800-893-6001 or
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