Non-Sufficient Funds Check Recovery  

Sourcing Office has established a check recovery program exclusively for our members with the national leader in automated check recovery—checXchange™.  This program  is an automated, highly effective service. 

This service is free, and you will receive 100% of the face value of every return item collected by checXchange™ on your behalf.  This process dramatically reduces the need for traditional collection methods and is fully managed by checXchange™.  If you chose to cancel the service, you may do so at any time without penalty.  This relationship has no term, or cost to you, and is completely performance-based.

z It is a FREE service.

z Enables the use of an already procured program.

z Keeps your organization out of the collection business.

z Handles returned checks automatically.

z Recovers 100% of the face value of the check.

z Enhances collection Rate of Recovery significantly to 75%-80%.

z Improves cash management by recovering your money faster.

z Saves you time – your company does not have to spend time chasing down bad checks.

z Provides 24/7 real-time, on-line access to all checks being collected by checXchange™.

 

To learn more about the Sourcing Office procurement process for the NSF Check Recovery program, please click here.

 

 

 

 

 

 

 

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