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HOW THE
CHECK RECOVERY PROGRAM WORKS |
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Sign up with our
check recovery service, and a letter of
authorization is sent to your bank instructing them
to forward returned checks directly to us.
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Each returned check
is scanned directly into our database, and you are
routinely informed so that you can make necessary
accounting adjustments.
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The check writer is
notified by letter of the returned check and
provided with an opportunity to deposit sufficient
funds to cover the returned check fee. If
necessary, we will re-present the returned check up
to 2 times electronically for payment through the
ACH network.
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Checks that cannot be
collected by electronic re-presentment are forwarded
for secondary collections. Unlike other companies
that will charge you for this service, we will still
return 100% of the face value of your
recovered checks. There is
no additional charge for these services.
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Upon complete
recovery, 100% of the face value of the check is
credited directly into your account by electronic
deposit.
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Merchants are kept
informed of the entire process through reports that
can be sent by email or viewed 24/7 on a secure
section on our website.
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