Frag is a video game term originating from the word fragging, a term indicating to kill an unpopular superior officer with a fragmentation grenade.
The transaction will appear on the customerâs bank statement as a debit, not a check. The merchant uploads the captured check information to their payment provider for processing, and the proceeds are deposited into the merchantâs account within 1 to 2 business days. The process is similar for a check that is mailed in payment of a bill, except the check is retained by the merchant after it is voided.
If its BOA check, will clear in 1 day and most likely deposit to your account. Other banks check will credited in 1 business days too but, it depends on your relationship with the bank if its a fairly new account takes 8-10 business day depends on your account status and the amount of the check.