Consolidating NSF Check Returns reduces the typical Bank Return Item Fee from $5 to less than $2 per item or less depending on volume, in many cases presenting a 50% reduction in cost.  In addition, consolidating returns places the focus squarely on collecting outstanding items and leads to higher collection ratios and increased cash flow.

When combined with Electronic Check Recovery (RCK), collection efforts are expedited even more with all returned checks being debited directly from the check writer's account after first presentment.

Key Benefits

• Allows BancTech to receive and act on returned checks the first time they are returned by the paying bank, reducing additional fees
• No special equipment or monthly fees required
• Allows your stores to continue depositing checks to your local banks
• Accelerates the return process since checks are returned by the Fed versus being mailed to your provider from local banks
• No minimum or maximum number of checks or dollar amounts
• Available to any business anywhere that takes checks