BUSINESS BANKING

Returned Check Services

Many businesses are moving away from accepting checks as a form of payment. Not only are these businesses turning away potential customer sales, but many times the businesses are moving to other forms of accepting customer payments such as credit and debit cards. The unique Returned Check Service offered by First American Bank eliminates the aggravation your business faces trying to collect returned checks from your customers. In addition, your business can reduce or eliminate bank returned check fees. With First American Bank Returned Check Services, First American Bank electronically recovers checks for businesses of all sizes by converting the paper check into an electronic transaction to debit the check writer's account for the check amount and a state allowed fee. Our Returned Check Service is free and First American Bank eliminates the time and effort spent by businesses collecting NSF checks.

How it Works

With First American Bank Returned Check Services, First American Bank electronically recovers checks for businesses of all sizes by converting the paper check into an electronic transaction (RCK) to debit the check writer's account for the check amount and a state allowed fee. Collection rates prove to be much higher with electronic recovery due to priority posting of ACH items, strategic processing dates (15th and 30th) for collections, and next day posting of items. Depending on the volume of checks being collected, your business can also share in the collection fees recovered by First American Bank.