Get the assistance you need with returned checks

Colonial understands the financial impact dishonored checks have on your business. That's why we have partnered with Federal Automated Recovery Systems to offer you this FREE Check Recovery Service (CRS).*

CRS improves the collection rate of dishonored checks written to your business and decreases the resources you need to allocate toward collecting on those dishonored checks.

Benefits from the Check Recovery Service

• 100% of face amount returned to you on dishonored checks recovered electronically.
• Return of the nonsufficient funds (NSF) fee charged to you by Colonial Bank and recovered electronically (where allowed by state law).
• Greater success rate and faster recovery of your money compared to traditional check collection methods.
• E-mail notification to you of checks returned and funds deposited to your account.
• 24/7 live Web site access to your account activity (see images of checks and more).

Contact your local business banker today to find out how CRS can help improve your collection efforts.

 

 

 

*Service provided by Infinity Business Group, Inc. By opening a Colonial Business Select account, you are enrolled automatically in the Check Recovery Service and give consent to allow us to share your information with the selected vendor. Separate terms and conditions which govern this service will be provided by Infinity Business Group, Inc. If you do not want this service, please see your bank representative or call (877) 502-2265. Your request not to participate in the Check Recovery Service will be processed within five business days of receiving your request. Colonial Bank and Infinity Business Group are independent entities.