Put an End to Bank Fees!
Bad checks hurt businesses where it matters most: the bottom line. You don’t get paid. And bank fees add up. Add up fast.
Consider one service-oriented Dallas business dependent on check-writing customers. In six months, they received 36 bad checks totaling $1,472. And each check brought a $5 bank fee. That’s another $180 gone. Even if they recouped all of the money originally owed, they still lost money to the bank.
Collect More Checks offers a solution. Our Centralized Returns system not only secures the money you’re already owed but also avoids banking fees. It’s a clear answer to a nagging problem.
Benefits that Matter
- You eliminate fees, which often range from $5 to $11 on every bad check.
- Our electronic system shaves three to seven days off the processing time.
- We keep you updated by offering same-day, email reports.
- Fast access to return information means we’ll inform you who is passing bad checks, allowing you to block repeat bad check writers and limit fraud.
- Bookkeeping efficiency. There’s only one account to reconcile.
- Anytime Access. Online tools allow you to view images of returned checks, front and back.
- Our web tools offer several options to update your accounts receivable.
- We help you plan by informing you of the return amount the day its debited.
The Right Solution for Your Business
Centralized Returns is the right solution for many businesses. Companies such as Target and JC Penney have long used a similar system. Collect More Checks brings this valuable tool to businesses of any size.
Here’s how it works: You place an escrow deposit in a non-interest bearing bank account. Bad checks, rather than being sent back to your bank and creating fees, go to an electronic recovery processing center. They are cleared against your escrow, and Collect More Checks goes to work securing the money from the check writer. The escrow is replenished in a matter of days by a debit to your operating account.
Most importantly, it’s free. Some of our competitors my charge you $2 for every returned check. Not Collect More Checks. We eliminate your banking fees, and we do it for free.