What is point of purchase check conversion?
Point of purchase check conversion is the process of converting checks that customers present to cashiers or MASC Finance Office into electronic funds transfer. "Electronic Funds transfer" is the term used to refer to the process in which we electronically instruct your financial institution to transfer funds from your account to our account, rather than processing your check. When you hand a check to the cashier, or Finance Office, your check is copied and the account information from your check is used to make an electronic fund transfer from your account. The cashier or Finance staff voids your check and returns it to you. By presenting your check at a location where a sign notifies you that your check will be converted, you authorize the conversion of your check into an electronic fund transfer in this manner.

How quickly will funds be transferred from my account?
The electronic fund transfer from your account will usually occur within 24 hours upon receipt of your check, which is faster than a check is normally processed. Therefore, you should be sure that there are sufficient funds available in your checking account when you present your check. If the electronic fund transfer cannot be completed because there are insufficient funds in your account, we may try to make the transfer up to two more times.

Will the electronic fund transfer appear on my account statement?
The electronic fund transfer from your account will be on the account statement that you receive from your financial institution. However, the transfer may be in a different place on your statement than the place where your checks normally appear. For example, it may appear under "other withdrawals" or "other transactions."

What if there is a problem with the electronic fund transfer?
You should contact your financial institution immediately if you believe that the electronic fund transfer reported on your account statement was not properly authorized or is otherwise incorrect. Consumers have protections under a Federal law called the Electronic Fund Transfer Act for an unauthorized or incorrect electronic fund transfer.