Electronic representment of NSF checks can help to increase the amount of funds you recover without resorting to expensive collective action or legal recourse.

Our Online Check Collection service can help you:

RECOVER FUNDS QUICKLY - Checks represented online post to your customer's account the business day following submission, so you control when the check hits the account. Bounced electronic checks also return more quickly than paper checks, so you can take action while the check is still recent.
RECOVER MORE FUNDS - Electronic checks receive preference over paper items that post the same day, so you are more likely to recover your funds. Plus, checks represented electronically may be posted a maximum of three times, as opposed to only twice for paper checks.
SAVE ON PROCESSING FEES - Banks fees for bounced checks deposited into an account can be expensive. Return item fees for electronic checks are only a fraction of most banks' fees, so you save money by using Online Check Collection.
KEEP YOUR CUSTOMER BASE CONSTANT - Online Check Collection allows you to recover funds on NSF checks more quickly so your customers can purchase products or services from you again much sooner. Keep your customers happy by avoiding collective or legal action against them.

Could Online Check Collection help your organization?

Let us help you decide if Online Check Collection or another of our services is right for your business.