Electronic check re-presentment (the depositing of a previously returned check) is the quickest, most efficient method of NSF check recovery available.

This is what you get with InChek’s program:

• Your own personal account manager
• Non-Sufficient Funds (NSF) check collection rates of 75-95%
• 100% of the face amount deposited to your account weekly
• Fast and efficient recovery
• Immediate notifications
• Payment priority – Electronic deposits are processed first each day
• Improved customer relations

This is how it works:

• As soon as the writer of a bad check funds his or her bank account, InChek electronically resubmits the check, then transfers the full amount to your account.
• Recovery and reimbursement occur in less time and at less cost to you and your customer. The process is so seamless that often the customer isn’t aware he or she wrote a bad check.
• You are kept informed every step of the way, and your personal account manager is always there to answer any questions or concerns you may have.
• Our customer service staff is specially trained to create positive outcomes; if your check writers call us, we’ll take care of them.

InChek’s centralized returns program directs any returned checks to be sent from the check writer’s bank directly to us instead of going first to your bank. Not only does this allow us to start the re-presentment process up to six days sooner, but it also eliminates the NSF fee your own bank would charge you. All you need to do is frank the back of your checks with a special stamp (which we will set up with you) authorizing the checks to be forwarded to our bank. This process also allows for much quicker reporting to the consumer check database networks, limiting the opportunity for an individual to write multiple bad checks.

The benefits of centralized returns:

• Receive notification of bounced checks 3-6 days sooner
• NSF fees reduced by 50%-75% or more
• Simplified accounting
• Images and data from your returned checks can be viewed and downloaded from our secure website

Some checks are ineligible for, or uncollectible through, the electronic re-presentment process. When this happens, we recommend the services of our partner agency, Karuna Financial. Karuna is a full-service, licensed and bonded collection agency specializing in paper check recovery and impeccable customer service. Its staff is trained to find realistic, workable solutions for check writers. Moreover, our partnership allows uncollectible checks and collected funds to be transferred seamlessly between agencies, so your money gets back to you faster.

This arrangement, coupled with its policy of gentle yet persistent contact with the check writer, makes Karuna’s collection program the perfect complement to InChek’s electronic check services. By partnering with Karuna and avoiding outsourced collections, InChek is able to assure its clients that all their accounts are being worked on diligently and efficiently. Find out more information about Karuna’s collection services.

InChek offers the combined might of SCAN (Shared Check Authorization Network) and NCN (National Check Network) check verification services. SCAN and NCN are two of the largest networks of personal check data, and are used by many of the nation’s major retailers, including Wal-Mart and Home Depot. NCN’s database alone contains over 20 million records on bad-check writers.

Check verification program description:

• Upon scanning a check, you will receive an immediate authorize or decline recommendation.
• A decline means that the check writer has an outstanding bad-check debt. (It does not, however, mean that the check you’re holding is necessarily going to bounce.)
• Information on any outstanding check debts is provided for you to pass on to the check writer. The sooner they reconcile their debts, the sooner you are back in business together.

Very competitive rates make this ounce of prevention worth many pounds of cure.