Check Services
Returned Check Consolidation (RCC)
CHECKredi’s Returned Check Consolidation (RCC) service will substantially reduce your bank fees while maintaining your existing banking account(s) and relationships.
Features:
- Superior Customer Service
- Reduced Bank Fees by 50-80%
- Returned Checks Processed 50% Faster
- Reduces Stolen and Fraudulent Checks
- No Special Equipment or Training Needed
- No Change in Existing Bank Accounts
- Images of Returned Checks Available Online
- Compatible with CHECKredi’s guarantee or check collection service
With CHECKredi’s Returned Check Consolidation service, your bank will no longer charge you for returned checks - for any reason. Your business will see substantial savings with the elimination of expensive bank fees!
How Does RCC Work?
Step by Step
- Merchant receives check at the register
- Check gets endorsed with Centralized Return stamp
- Merchant deposits check to his bank for payment
- Merchant's bank sends the check to the check writer's bank for payment
- Check is dishonored at the check writer's bank
- Check writers bank re-directs check to Centralized Returns Bank
- Checks are imaged and posted to the web
- Paper checks are then sent to CHECKredi
- Returned Checks are debited from the merchant's account
- Merchant may view and download check images