Dreams Happen Check Collection
Accept checks, get paid quickly and protect your business.
Fast processing with fraud protection.
Increase your business’ profitability with two signature processing products.
Verification and Check Guarantee
Get guaranteed payment on every check
Reduce liability, get protected against losses, and increase sales by safely and swiftly accepting checks through our check processing verification and guarantee.
There are 4 levels of check processing protection available, depending on your needs, with full customer service support included.
To learn more, fill in the form on the right or visit your local branch.
ReSubmitIt®
First Bank is here to help you with all of your business needs, including one of your biggest headaches—returned checks.
First Bank's electronic check recovery service, ReSubmitIt®, significantly reduces the burden of collecting funds from NSF checks, while potentially doubling your recovery rate. You collect more returned checks and get 100% of the face value of all checks that are collected electronically.
The ReSubmitIt® electronic check recovery service handles the collection process electronically from beginning to end, via the Automated Clearing House (ACH) network for re-presentment directly to the check writer's bank account.
How does ReSubmitIt® work?
Returned checks are sent from First Bank to ReSubmitIt®, where eligible checks are converted into electronic items for re-presentment to the check writer's bank account for collection.
The electronic check file is processed and strategically timed for re-presentation. Presenting checks at proven "smart dates" improves the chance of collection.
If the item is not recovered on the first electronic re-presentment, it is re-cued for a second electronic re-presentment (third total). If this third presentment fails, the check can be sent to ReSubmitIt's® free secondary collections, or the check can be sent back to you.
Upon settlement, 100% of the face value of the check is reimbursed to you automatically. The check writer's account is charged a state-regulated collection fee to cover the cost of collection.
Access the ReSubmitIt® Online Reporting Center
Eligibility
To be eligible for electronic recovery, a returned check must:- Be a personal check to a business (not business-to-business)
- Be under $2,500
- Be less than 180 days old
- Cannot have been already submitted twice, either electronically or by paper draft
What happens to ineligible checks?
Returned items that are less than $2,500 and ineligible for electronic re-presentment are re-submitted to the check writer's account as a paper draft, subject to eligibility requirements. Items equal to or greater than $2,500 are not eligible for ReSubmitIt® services.