Reconciliation Services

We’ve got the best alternatives for your business account reconciliation process.

Partial Reconciliation

Enhance cash control and money management. Reconciling your account in less time should help reduce errors and detect potential fraudulent activities.

Benefits:

  • A mediator will check your bank account on a daily basis.
  • At the end of each cycle, you will receive all paid checks, sorted by number, a file listing all checks paid, and various reconciliation reports.
  • Paid checks will be listed in ascending order by check number, amount, and processing date.

Simple Check

Simplify the handling of checks and save time in the reconciliation process. This service provides a monthly compact disk (CD) containing digital images of all your paid checks. If your business processes less than 200 checks a month, Simple Check is for you.

Benefits:

  • Access digital images of your paid checks (front and back) quickly.
  • Access information by account, check number, amount, date or sequence.
  • Password-secured to access information.
  • Reduces storage costs.

 

Check Management

If your business processes more than 200 checks a month, you can receive digital images of your paid checks on a compact disk (CD) by signing up for our Check Management service.
 

Benefits:

  • Access digital images of your paid checks (front and back) quickly.
  • Access information by account, check number, amount, date or sequence.
  • Password-secured.
  • Reduces storage costs.
  • Save time in the reconciliation process.

Positive Pay

This service provides the alternative of preventing possible fraudulent checks. On a daily basis, your company will send us an electronic file with the detailed information. Positive Pay system generates a detailed report on exceptions that do not match the paid checks with the issued checks file provided by the company. Your company indicates which checks should be paid.

Benefits: 

  • It will help you prevent fraudulent activities
  • Helps maintain control of daily paid checks
  • Speed up reconciliation process
  • Every time you issue a check, a report is generated with details about exceptions that do not match with the information provided by your company

 

Please contact us to obtain more information about our products and services, call our Business Banking Center at 787-756-3939 or 1-855-756-3939.