DIRECT Recovery is by far the best way to recover checks that are returned non-sufficient funds (NSF). By using a variety of fully electronic collection techniques, jetCHEX can provide the absolute highest collection ratios and the quickest funding available today.
Automated NSF Check Recovery
- Receive 100% face value of collected checks
- Fully automated electronic process
- Electronic account monitoring assures highest collection ratios
- Comprehensive online reporting
- Powerful and cost saving consolidated returns option
- Generous rebate/revenue share program on all collected fees
The key to jetCHEX success is Electronic Account Monitoring System (EAMS). With EAMS, accounts are able to be electronically queried to find out when the checking account has sufficient funds to cover the outstanding item or returns to a positive balance. A positive response triggers an electronic debit of the checking account for the amount of the NSF check. DIRECT Recovery will then automatically fund each item successfully collected to the merchant.
jetCHEX will provide this service to you at no cost. Save yourself time and money! A few more benefits of using this service for your company are:
- Dramatically increase the chances that the check will be recovered
- Save your customers the embarrassment of paying in person, or the aggravation and ill-will from receiving harassing phone calls, letters or other typical collection methods.
- Save yourself the hassle of having to make these demeaning collection calls
- There is also opportunity for your company to actually create income by letting jetCHEX collect your NSF checks. After JetChex collects the face value of a check, we will charge the check writer who wrote the NSF check a fee that is equal to the maximum allowed by state law. jetCHEX will the rebate your company a portion of this fee