Reduce the risk of check fraud with Positive Pay from BankFinancial. With this service, you submit an electronic file each day detailing the checks your business issues. As each check is presented for payment, the Positive Pay system electronically compares it to the information in your file. Any discrepancies are flagged and reported through email and Online Business Banking alerts, where you can see an image of the check and make an online "pay/no pay" decision.
Positive Pay services not only help prevent check altering and forgery, they also automate your account reconciliation process. That means you spend less time and money on reconciling accounts, and gain a streamlined approach to check storage and retrieval.
Check and ACH Positive Pay
Take your protections against check fraud to the next level with Premium Positive Pay. This service verifies, not only the amount of each check, but also allows you to review your ACH debits and credits based on your ACH blocking options. You'll be notified of any suspect items through email and Online Business Banking alerts so you can make "pay/no pay" decisions.
Reverse Positive Pay
With Reverse Positive Pay1, there is no need to create a file of issued checks for the bank. Instead, BankFinancial provides you with a daily file of paid item activity that you can compare against your database of issued checks.
Ready to get started using Positive Pay? Click the Contact Us button to send us an email request or call our Customer Service Center at 1.800.894.6900 and we'll set you up.
Questions? Check out our User Guide and Videos below.
- Reverse Positive Pay is for checks only and does not include ACH items. Checks presented at the teller line at any one of our branches may not be eligible for return.