With over 50 billion checks written every year in the U.S., the cost of NSF checks for many of your business customers can be significant. CBS Check Recovery Services can increase the chances of recovering the money from those returned checks at no cost to your customer.
When your business customer receives a a bounced check, the bank forwards the returned check to CBS Check Recovery Services. The check is then re-submitted via electronic ACH. As soon as the offending check writer's account is funded with the check amount and return fee, the electronic ACH debit has priority and clears first. When funds are collected and released, your customer receives the face value of the check.
The ability to offer your business customers CBS Check Recovery Services is only a phone call away. Our account representatives will provide your customer with all the information and review the various options available.
CLICK HERE for a complete, detailed and printable description of the program.