Account Reconcilement Services

Deposit Reconcilement

Provides Control Over a High Volume of Deposits from Different Locations

• An Assigned Serial Number is Required in the MICR Line of Deposit Tickets
• The serial number tracks and subtotals deposits made at various locations
• The customer receives a report from the bank with a list of deposits sorted by the assigned serial number

Full Reconcilement

Reporting of All Check/Debit and Deposit/Credit Transactions Paid Against Your Account During a Specified Cycle

• The Customer Sends the Bank an Electronic File with Check Numbers, Issue Dates and Corresponding Dollar Amounts of All Checks Issued on a Daily Basis
• The Bank Compares Issued Check Information to Checks Clearing and Other Transaction Activity on the Customer's Account
• Reports May be Produced to Assist in Balancing the Account

Partial Reconcilement

• The Bank Delivers an Electronic Check Paid Report of Checks Paid to the Customer
• Checks are Listed in Serial Order Number

Positive Pay

Provides Daily Monitoring of All Checking Activity and Allows for Immediate Decisions Regarding Possible Fraudulent Items

• Prior to Releasing Checks, the Customer Uploads a File to the Bank with an Issue File Containing Check Serial Number(s), Dollar Amount and Payee Name(s) of Each Item
• Items Matching the Issue File are Paid and Removed from the Outstanding Items File
• Items that Do Not Match the Issued File are Identified as Exceptions and Presented to the Customer for Pay/No Pay Decisions
• Timely Identification of Altered and Counterfeit Checks Allows the Item(s) to be Returned within the Required 24-Hour Deadline
• Daily and Monthly Reconcilement Reports are Available