Who owns the funds in your bank when they are in transit ? Support September 19, 2017 19:58 Updated Follow The Payor owns the funds until they are withdrawn. We then transmit the funds to the Payee in the same processing cycle. We use multiple custodial banks to access the Check21 as well as ACH network to Debit and Credit the Payor and Payee Related articles Pricing - Individual and Business Customers Do recipients need to sign up to deposit a Digital Check? Do you have a list of states and financial institutions that accept Checkbook payments? How are Digital Checks different than the alternatives (Bill.com, PayPal)? How do I verify my bank? Comments 0 comments Please sign in to leave a comment.