Information on our NSF check collection service

Information On How Our Check Collection Service Will Work For You
When your customer bounces a check, your bank forwards the returned check directly to Checkmatic for processing. Our trained staff enters the check into a database and re-submits it electronically via one of our partner banks through the ACH network. The check writers account is debited if the funds are available. When the funds are collected and released, you receive no less than 100% face value of the check no matter when it is collected

Your customers don't 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 Checkmatic, collecting out-of-town checks has never been easier!

Checkmatic Has Been Working For Many For Over Seven Years

Collected checks are PAID WEEKLY not monthly.
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.
Deposits made directly with merchants bank to settle funds.
Works for any business, anywhere that accepts checks for payment.
With Checkmatic you will never have to spend your valuable time and money collecting bounced checks. The best thing about Checkmatic 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!

Checkmatic Recovery Systems electronically collects NSF checks for businesses and pays 100% of the face value of the check to the merchant. The best part of our service is it is free to the merchants on all electronic recoveries. We make our money by collecting the fee from the check writers' account. We only collect the state allowed fee from the check writer. In 1998 the laws changed regarding collection of NSF checks and the collection rate has gone up to about 85%. Merchants with a minimum number of checks receive rebates to offset NSF fees. With our online reporting system you can view all of your checks in the collection process online. All information is updated daily. This means that you will have the same information we do every day.

Our Most Recent Recovery Rates

Our recovery rate using RCK in September 2006 was 76.2% with an overall rate of 86.9%.
October 2006 using RCK 73.66% with an overall rate of 82.34%.
November 2006 using RCK 74.14% with an overall rate of 83.37%.

Figures updated December 10, 2006.

How and when will I be notified of the checks in the CheckMatic system?

You are notified every day by email or fax. You can find out sooner with our online reporting system. You are paid weekly on all NSF checks recovered electronically the week before. We electronically deposit your funds within three business banking days. We don't pay out once or twice a month as with other companies.

Electronic presentment gives us 2 additional attempts to collect the funds. You are only allowed 1 additional attempt by your bank. If the check is still not good after the second presentment we will use another strategic date such as a Friday, the first of fifteenth of the month. There is no fee the on electronic attempts to retrieve NSF checks. The check writer pays for results, not you! You only get results and not pay for the efforts. There are some restrictions to the type of checks we can process electronically

Items that are ineligible for transmission as represented check entries include, but are not limited to:

Non-cash items as defined by Section 229.2(u) of Federal Reserve Regulation CC
Drafts drawn on the Treasury of the United States, a Federal Reserve Bank, or a Federal Home Loan Bank
Drafts drawn on a state or local government that are not payable through or at a Participating Bank
Money Orders
Items payable other than United States currency
Third party checks
Demand drafts and third party drafts that do not contain the signature of the Receiver
Checks in excess of $2500
Checks drawn on a business account

In order to be eligible to be transmitted as an RCK entry, the check must meet the following criteria:

Be an item within the meaning of Revised Article 4 of the Uniform Commercial Code
Be a consumer check drawn on or payable through or at a participating DFI other than a Federal Reserve Bank or Federal Home Loan Bank
Be in an amount less than $2,500
Indicate on the face of the document that it was returned for NSF, uncollected funds or similar language. Unavailable funds is not similar language.
Be dated less than 180 days from the date the entry is transmitted to the RDFI
Be drawn on a consumer account

Your only obligation is to notify check writers of your company policy on NSF checks. We provide you with signs and stamps for point of sale businesses. If you are mail order or Internet business, you must have your policy on your web page or invoice. It's no different than having a return policy. We will provide you with the proper wording to place on your site or on your mail order forms.

Since 1998 when the laws changed we have been able to retrieve an average of 85% of returned checks by using electronic re presentment and traditional methods! No embarrassing phone calls to the customer, no employees wasting time and most of all 3 total presentments of which the odds are in your favor. No additional bank fees for presenting two additional times!

With our check collection service there is no:

Equipment Rental (except for verification or you can purchase a check reader)
Statement Fee
Set Up Charge (minimum 3 returned checks per month)
Monthly Fee
Transaction Fee
Exempt Businesses*

The size of your business doesn't matter. All of our clients are treated equally. We are large enough to care for your needs but provide personal service instead of treating you like an account number.

Here is a small sample of the businesses who take advantage of our service:

DHL Express
Applebee's Restaurants
Alvin Jr College
United Publishers
North American
Little Caesar's Pizza
Glo Tanning Studios
Boy Scouts of America
Domino's Pizza
Subway
Nevada Bobs Golf
The UPS Store
Envirotest
Herff Jones (Several Offices)
Central Florida Pediatrics
Knights of Columbus
Pediatric Plus
Ice Sports Forum
Houston Graduation Center
Brady Hull Associates
BlackJack Pizza
Greek Tony's Pizza
Medic Pharmacy
Pizza Hut
PK's Grill
Mobil Uniforms
Five Star Pizza
BJ's Cafe
Sidekicks Martial arts
Pappa Johns
Squires Tuxedo Rental
Pill Box Pharmacy

Will you be part of our family?

The only investment required is the time it takes to fill out the proper enrollment forms. We also guarantee you will never pay to have any check recovered that is less than two years old, period! We do not accept checks that are over two years old. Use our Centralized Returns and reduce your return fees by 60% or more. We will also have your checks in our system for collection in about a week instead of two weeks or more. Don't wait to get your next NSF check or your first one to get started. Sign on now and have our service ready to go to work for you! To receive an application call the number below, or send us an e-mail with your contact information and best time to call. We will usually respond to all requests the same business day.

Call today for a free, no obligation cost analysis.

Updated 3-10-2007
Information subject to change without notice

Privacy Policy:
Customer data is used for internal purposes only.
It is not shared or sold.
Customer may receive E-mail from the company.

*We do not accept payday loan, E-Book or Insurance businesses due to the nature of the product being delivered. All point of sale businesses are generally accepted.

Checkmatic® Recovery Systems
P O Box 130021
The Woodlands, Tx. 77393-0021
Phone: 281-288-5450
Fax: 281-288-5848
Toll Free: 866-488-2300