Free Bounced Check Collection Service

Electronic Check Representment (RCK)

A “do-it-yourself” solution for businesses with bad checks

A check returned for non-sufficient funds not only delays the payment you receive for your goods and services, but costs you time and money to represent the bounced check to the bank in order to collect what’s rightfully yours. Often, the time and money it takes to collect payment is more than what is owed. That’s what makes our RCK portal a must for any business with a bad check.

Using a secure login and password from Electric Checks, you can enter the bounced check information on a website, press a button and your check will be sent to the bad check writer’s bank for representment. Now, a process that could take hours takes about 60 seconds. Since you’re submitting electronically, you’re allowed to represent the bounced check three times instead of the two allotted for paper checks through the bank (that means that a “Do Not Redeposit” check can be redeposited one more time through this website). This gives you a better chance to collect, particularly since it’s easier to time your electronic submissions around the days many people get paid (1st and 15th of the month). Also, the bounced check will be verified for a positive balance in the bad check writer’s account so that a representment is not wasted on an empty account balance.

This service costs you nothing and the collected monies go straight to your bank account while Electric Checks collects its fees from the bad check writer’s account.

To enroll in this free service, simply:

Post a sign at the point-of-sale or add the language to your invoice, website, or credit application.
To sign up by fax with Electric Checks, print out the PDF Agreement fill it out and fax it back along with a voided business check to 702-543-4843.
To sign up on-line, click here.

Here’s what will happen after you submit your application:

Electric Checks will review your application.
Upon acceptance, you will receive an email with a website address, user name and password.
You can begin processing your bounced checks online. Here is a sample of the Enter Check page with direction for entering a bounced check. All you need to do is enter the information at the starred boxes, check the Pre-Verify Account box. Then Click on Next and your check will be verified and sent to the bad check writer's bank when funds are available. Check the website frequently for the status of your NSF check.
Directions are included in the Tutor Section under Returns Processing of the website. Help is available, Call Electric Checks if needed. Electric Checks will enter your bounced check into to website, if you wish.

To be eligible for representment, insufficient fund checks must be:

Less than 6 months old
Written from a personal checking account
“Do Not Redeposit” checks less than 6 months old and less that $2500 may be entered for representment one more time electronically.

Insufficient funds check ineligible for this service include:

Checks dated more than 6 months ago
Checks greater than $2500
Checks written on a Closed Account
Stopped Payment checks

How Electronic Representment of an NSF Check Works:

To use this free bounced check collection service, you must post a sign at the point-of-sale or include language on your invoice, website or credit application stating that you will electronically collect non-sufficient funds checks by debit of the customer’s bank account along with a service fee allowable by State Law. Enter the information on the check into the Enter Check page. Here is an example of how the system works:

Your customer purchases furniture for $699 by check.
You, the merchant, display at the point-of-sale a sign stating that you will collect a non-sufficient funds (NSF) check by electronic debit of the customer’s account. The language may also be placed on an invoice, website, or credit application.
The customer’s check is returned to you by the bank for insufficient funds.
You, the merchant, have accepted the terms and submitted the Web Agreement to Electric Checks for approval. A user name and password has been assigned to you. You enter the bounced check information into the website for processing and the collection process begins.
The processor converts the NSF check into an electronic item, which is sent through the Automated Clearing House (ACH) and finally to the paying bank.
Paying bank receives and posts the ACH transaction to the customer account.
If there are funds available to cover the check, the funds in the amount of $699 will be electronically transferred to your account after clearing the bank.
A service fee, allowable by state law, will also debited from the check writer’s account.
Log onto the website so to follow the status of each check at any time.
You do not have to contact the check writer.
To be electronically processed, the NSF check must be a personal check that is less than $2500.00 and less than six months old.
This is a free service to you because the bad check writer pays a service fee.