ELI5: Explain Like I'm 5

Qchex

Qchex (pronounced "check-ex") is a way to create a check and send it electronically using the internet. Just like when someone gives you a check in person and you can deposit it at the bank, qchex lets you create a check on your computer and send it to someone else's bank account.

But instead of writing on paper, you fill out the information on a website. You put in the name of the person you want to send the check to, their bank account number, the amount of money you want to send, and when you want the check to be cashed. Then you hit send.

The website takes care of the rest. It creates a digital image of the check and sends it to the recipient's bank. The bank can then process the check and deposit the money into their account just like they would with a paper check.

Qchex is a fast and convenient way to send money without having to write out a paper check, go to the bank, or worry about mailing it. It's all done online and can save you time and hassle.
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