Requesting your copy is easy to do, and it helps you make sure that everything on there is accurately reported. So from a merchant's perspective, it's very worthwhile to accept checks, and while customer satisfaction is an important factor for any business, is your having to wait an extra 30 seconds really that big of a deal, if it means that a store can keep their costs low and not have to raise their prices?
Regional branches of the Federal Reserve handle check processing for banks that hold accounts with them, and they charge a fee for their services.
Retailers and other merchants can utilize TeleCheck in real-time to instantly determine whether or not they will accept your check as an appropriate form of payment. While there are too many to count, TeleCheck does review related statistics on how likely fraud is to occur.
Why does TeleCheck decline my checks? Keeping track of all that paper is a pretty complex procedure. The bad: Nowadays, you can spend from your checking account in several ways, and you might not know when charges are going to hit your account.
To get your report from TeleCheck, simply send them a request through the mail.