Positive Pay is a great tool for preventing fraud.
The program can help the customer identify counterfeit or altered checks before a loss occurs.
The customer will provide information to the bank about the checks they have issued. This can either be entered manually by the customer or the customer can upload a file of issued checks.
Positive Pay is an automated service that helps detect check fraud by matching the customer's issued check list against checks that are presented for payment each day. The dollar amount, check number, payee, and account number must match the information previously supplied by the customer. If not, the check is flagged as an exception and must be reviewed by the customer.
The customer must monitor their account on a daily basis. You need to log into your online banking to review any possible exception items. If the checks do not match the information you previously sent in, they will be available for you to review by 8AM. You can choose to pay or return the items and you must make your decisions by 11AM that same day so that any returns can be done promptly within required deadlines.
For additional information, please contact Brook, Wendi, or Laura at 218-564-4171 or Daisy or Jessica at 218-837-5171.
Click on the button below to print out and fill in the agreement. Please mail it or bring the agreement to the bank.