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CORPORATE BANKING » CORPORATE SOLUTIONS » E-CHECK

ELECTRONIC CHECK SETTLEMENT

This service is a valuable option for all firms and/or individuals operating under the following conditions: you deal with large volumes of checks on a day-to-day basis; you spend exhaustive amounts of time on the phone confirming the accuracy of check data and processing;  you are inundated with confirmation faxes and check reconciliations. The Electronic Check Settlement is a tool that ensures all checks can be traced electronically from the point of submission to the final account deposit. With this tool, even without entering specific check details, you can update the current information automatically in your accounting system. Given that each individual firm operates with customized accounting systems, this service is provided on a customer-by-customer basis.