What happens when I write a check through Rho?
When you cut a check through Rho, funds are set aside immediately after you send the payments in the banking account. We do this to ensure that there are sufficient funds every time a check is cashed. Funds do not leave your checking account until Rho receives notice that the check has been cashed by the recipient.
What happens to checks that don’t clear the bank?
Checks that do not clear the recipient bank will eventually be voided after 90 calendar days.
Does Rho remove or cancel the checks that are outstanding after a certain amount of time?
Any check that has not been cashed in 90 calendar days will be voided automatically.
Can I see a list of checks that haven’t cleared yet?
You can see checks that have not cleared by going to the all activity page on the banking dashboard and filtering status of transaction to “Pending”. Any checks in pending have not been cashed.
If the address we have on the check is no good, where does the check get returned?
The check gets returned back to your business address that we have on file.
Check flow when a check is successfully cashed
Check flow when your vendor does not cash your check