Here's an explanation of how the process works: 

Signing up for with Check Connection consists of completing three simple forms:

A sticker is posted at the point of sale to notify customers that should their check be returned, their bank account will be electronically debited for the amount of the NSF check, as well as for the State authorized processing fee. This fee varies in different states. 

Not only does the sticker notify the check writer what will happen in the event his check is returned, it also often serves as a visible deterrent. Many times a person with stolen checks will not attempt to pass one to your business when the see the check will be verified. 

When a customer presents a check for payment, you verify the check through a check reader which captures the bank routing number and account number and compares it against a database of known problem accounts. This is a fast, toll-free verification. Most customers do not have problems and will receive an approval code. If the customer has outstanding problems with their account you will be advised not to accept their check. Do not lose the sale, try to switch it over to a credit card sale.

When a check bounces, it is mailed directly to Check Connection by your bank. We enter the check into our verification and collection systems.

Because the checks are being sent directly from the bank to Check Connection, you will not know that a check has been returned until we tell you. This is handled automatically by our software, which creates a detailed notification report which can be mailed, delivered via an email attachment, faxed or posted to the web. You will be notified the same day the check is received in our office, or if you prefer you may receive weekly notices.

When we receive an NSF check, we enter it into your system and schedule it for the electronic re-presentment. We select "smart" dates, such as Fridays or the 1st and 15th of the month. We also regularly call the customer's bank prior to the transaction to verify funds availability. Electronic re-presentment usually puts the check first in line to be paid. This process results in the highest possible recovery rate.

Once the money has been debited from the check writer's account, it is electronically transferred into our business account.  A detailed recovery report is created and sent to you via mail, email, or faxed, while at the same time your money will be electronically transferred into your account, or a check can be mailed if you prefer.

Not all items will clear on the first electronic attempt, and these checks will need to be rescheduled for a second attempt (Checks may be re-presented a total of two times electronically). 

Checks that are not eligible for electronic recovery, such as closed account, etc., are collected by traditional check collection methods. 

Checks that can be electronically collected are:

Checks under $2,500.00 
Personal checks. 
Checks that are less than 180 days old. 
Checks that are returned NSF or an equivalent thereof. 

Contact us at sales@checkconnection.biz for more information

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