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CHEXcollect®™ Gets You Your Money! |
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This revolutionary check recovery system is available to you, the merchant, at no charge. The procedure is very simple-when a customer bounces a check to your company, the check is forwarded to ChexCollect. When ChexCollect receives the check, they electronically resubmit the check directly through the Automated Clearing House (ACH) for sixty (60) days. Most of the checks that do bounce are not intentional and ChexCollect has a collection percentage of 96%. The funds are released to you weekly and you receive 90% face value of the check.
The ChexCollect advantages are:
Your customer does not have to:
- Bring you a money order or cashier's check. Receive a threatening collection letter. Answer an uncomfortable phone call.
- Go through the embarrassment!
Our electronic collection process is much faster and more convenient than any other method available, and it will work on any bank in the U.S. and its territories.
And now with CHEXcollect®™, collecting out-of-town checks has never been easier!
CHEXcollect®™ Works
- Collected and released checks are paid instantly.
- Checks are processed from any bank in the U.S. Federal Reserve Banking System.
- Out-of-town checks are handled as easily as local checks.
- Works directly with customer's bank to settle funds.
- Works for any business, anywhere that accepts checks for payment.
With CHEXcollect®™ you will never have to spend your valuable time and money collecting bounced checks. The best thing about CHEXcollect®™ is that there is no collection cost to you.
The customer who bounced the check takes responsibility for the cost of collecting the funds, not you!
CHEXcollect®™ is a Win-Win Situation!
Your customers will benefit, because bouncing a check is an embarrassing thing that no one likes to handle in person.
CHEXcollect®™ handles it for them quietly.
CHEXcollect®™ notifies your customer's bank of the ACH transaction and adds it to his or her statement. Successful enterprises focus on their core business.
CHEXcollect®™ solves your NSF problems so you can do just that. You can finally stop chasing down bad checks and concentrate on your business instead.
CHEXcollect®™ will provide signage that spells out a check writer's responsibility to honor his or her check.
We provide all the materials you need to get the program started right away.
The CHEXcollect®™ Advantage
- No monthly fees (for merchants with over 3 returns per month)
- No annual fees
- No statement fees
- No FEES at all
- No limit on number of checks
- Eliminates high cost of guarantee service
- No special equipment needed
- No long-term contracts to sign
CHEXcollect®™ Web Reporting
Sign up for e-mail reporting and you will receive free access to our online Electronic Reporting System. The ERS gives you up to the minute details for all checks we have received for collections. You can even view and print the front and back of the bounced check directly from your web browser.
Do you:
Recover less than 80% of your NSF checks?
Recover less than the face value of your checks?
Pay a returned check fee?
Pay a fee to recover NSF checks?
Resubmit checks without verifying funds availability?
Receive only hardcopy reporting?
If you answered YES to any question, give us a call at
866-608-8640
Download CHEXcollect Application
Apply Online
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