Consolidate Returns for Faster Processing
Streamline the processing of returned items to create new operating efficiencies.
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The Basics
Managing returns and rerouting for payment is an arduous and costly process. First PREMIER Bank enables companies with multiple banking relationships to consolidate check returns to a single bank. This streamlines the returns process, and can result in an improved potential rate of collection on returned items. It also reduces routing delays, returned check fees and administrative overhead.
The Benefits
- Consolidate unpaid and returned checks to one bank
- Great for companies without collections expertise
- Perfect for companies with multiple banking relationships
- Reduce routing delays and returned check fees
- Improve payment and collections efficiency
- Improve funds availability
- Potential increased rate of collection on returned items
Partner With Us Today
We have the know-how, technology and Treasury Specialists to help you manage and optimize your cash management. Contact our Treasury Services team today.
