AFG manages your bounced checks electronically
Dealing with bounced checks can be a drain on your most valuable resources: time and money. Bounced Check Processing can reduce both the amount of time and the funds you are currently dedicating to the pursuit of collecting NSF checks.
Our Bounced Check Processing service will:
SAVE TIME - Redepositing and tracking NSF items uses up your staff's time and effort. Let AFG do the work for you! Your bank will forward any bounced check directly to us, and we take care of the details. Also, unlike traditional methods that can delay payment for weeks or months, AFG's Bounced Check Processing keeps checks moving through the system, increasing the probability of collection.
CUT COSTS - Bank fees for processing and re-processing bounced items can be steep - one bounced check may cost you two or more fees! Bounced Check Processing reduces your bank charges by turning paper checks into electronic transactions. Processed electronically, your checks will benefit from an additional representment, further increasing your chances for collection.
REPORT TO YOU - AFG tailors your reports to meet your unique needs. Daily bounced check lists, weekly or monthly status reports, and custom "hot lists" are created with your unique needs in mind. We cut out any irrelevant or redundant information to give you just what you need.
REDUCE FRAUD - Customized reports help you identify check fraud before it results in lost revenue for you. Bad check information is immediately and automatically added to the national database used by our Check Verification System for further fraud prevention.
Could Bounced Check Processing help your organization?
Let us help you decide if Bounced Check Processing or another of our RCK services is right for your business.
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