Banking Services – Check NSF Recovery

Overview:

What better opportunity to increase your bank’s fee-based revenue than offering your commercial accountholders an entirely free check recovery program that is integrated with your banking portal, providing a single sign-on to their check collection activity.

There is additional revenue to be obtained from a bounced check or NSF item. The source of the incremental fee income is not the bank’s customer base; the additional income is from the check writer who wrote a bad check to the bank’s commercial customer- and most likely does not have a direct relationship with the bank. Our NSF merchant portal allows for complete integration with your on-line banking portal. You can offer check collection services to your commercial account holders free of charge- you can also offer a financial incentive to your customers by sharing a portion of the collected service fee or offering a contingency fee based program if desired. If you decide that you would like for an outside party to perform the operation side of the collections, Affirmative can refer you to one of our many processors that specializes in check recovery services.

Realized Benefits:

• Dramatically improves the collection of bad checks for business customers
• ACH transactions have additional representment rights, targeting payroll dates and Fridays-   significant benefit to any bank’s commercial accountholders
• Creates recurring fee income for the bank
• Merchant and or bank can access online return item and check detail