Reconciliation Services

Enhance cash control and money management. Reconciling your account in less time should help reduce errors and detect potential fraudulent activities. Clients may select from among various options, according to their particular needs:

-Consolidated Reconciliation

Benefits:

• Your company provides a file with all issued checks. The bank then matches the information on issued checks with the information that appears in the statement of that cycle and then reconciles your account.
• We provide you with a list by check number in ascending order, amount, and date paid.
• Automatic Account Reconciliation.
• Includes a complete report of all checking account transaction listed daily, weekly, bi-monthly, and monthly.

- Partial Reconciliation

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.

- Deposit Reconciliation

Benefits:

• Designed for business with multiple units, departments, or salespersons that deposit in any of our branches throughout the Island.
• Provides information on all deposits by location, amount and date, and other debits and credits.
• The company orders pre-coded deposit slips for each unit or salesperson, according to its needs and specifications.
• Electronic fund transfers through the Pago Expreso Popular_SM will be registered and identified by the unit name, according to the merchant number or location number in each unit.

For more information regarding these products and services, contact TeleBanco Comercial at (787) 756-9130 or 1-888-756-9130.