The phrase refers to the process of transmitting a digital representation of a financial instrument via electronic mail. This commonly involves scanning or photographing a physical check and sending the image as an attachment. The recipient then typically uses the image to initiate a remote deposit through their bank’s online or mobile banking services.
This practice offers several advantages, including speed and convenience, eliminating the need for physical delivery. It streamlines payment processes, particularly when parties are geographically separated. While not a replacement for direct electronic transfers, it provides a readily accessible alternative for individuals and businesses still relying on traditional paper checks.