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Centralized Returns enables companies with multiple banking relationships to receive returned paper checks from a single-service provider, irrespective of where the checks were deposited.
If you currently use more than one deposit bank, you no longer need to spend time and resources reconciling accounts for returned checks. Centralized Returns simplifies your internal accounting by providing your check information on a single report.
Deposit banks charge a high returned check fee for every returned check they process. By endorsing your checks through the NSFdeposit.com Centralized returns System, returned checks are intercepted before they get to your bank. Your returned check fees can be significantly reduced or even eliminated, instantly helping your bottom line.
Everyday you are unaware of returned checks creates a risk for your business; you can reduce that risk when using Centralized Returns. With more current information, you can stop a payment from turning into a loss a the point of sale. Centralized Returns can update negative information into your verification system faster than any other paper method.