What does code 2 mean on a telecheck declined check

Did you mean Code 4, Reason 2? According to First Data, when processing a check via a TeleCheck® check acceptance service, the system generates and provides the merchant one of three codes:

  • Code 1- Approved transactions are assigned a four-digit code.

  • Code 3- Decline. No information is available. TeleCheck has no negative information on the check writer or company, but the check falls outside established guidelines that TeleCheck will guarantee at this time.

  • Code 4- Decline. Has history of writing checks with insufficient funds. TeleCheck has information on file that prevents warranty of any check from this check writer or company at this time.

TeleCheck provides industry-leading check acceptance, check processing and risk analytics services to thousands of retailers and financial institutions.

When you present your check to the sales clerk, your check is authorized through a specially-designed, secure TeleCheck system that captures banking information and the amount of the check. Once the check is approved, you'll receive a receipt of the electronic transaction to sign. When you sign the receipt, you will receive a copy for your records along with your check to keep. Learn more here.

TeleCheck Consumer Contacts:

  • Declined Check Information for Check Writers- 1-800-366-2425
  • Returned Check Collection- 1-800-366-1048
  • Free annual file disclosure pursuant to the Fair Credit Reporting Act- 1-800-366-2425
  • Fraud, Identity Theft, Forgery- 1-800-710-9898

With all the options for making purchases and payments, knowing which payment method to use can be difficult. Learn some tips to help you decide to pay by cash, check or credit at Bank of America.

To get the latest news and updates, you visit First Data's Facebook page or follow them on Twitter- @FirstData.

Updated on Monday, September 08 2014 at 04:27AM EDT