Check Collect Recovery Service
What is it?
- A service for automatically & electronically collecting your returned customer checks.
- A FREE SERVICE to any business, even if you don't currently bank with CLB&T.
How does it work?
- Your returned customer checks are sent directly to our processor, instead of back to you.
- We attempt to electronically collect the full face value of the check plus a fee for the returned check.
- 100% of the collected check's face value is deposited to your account.
- You also receive $5 of the return fee if collected from the check writer.
What are the benefits?
- You are out of the check collection business. We do all of the work.
- Online reporting and status of all checks being worked on your behalf.
- FREE SERVICE even if you don't bank with CLB&T.