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First Fed's Account Reconcilement services are automated services that quickly and efficiently reconcile a business client's check and deposit activity. These services automate the steps a business may currently perform manually and provide specially-designed optional reports that highlight and sort information (e.g. checks paid, checks outstanding, stop payments and deposits). Account Reconcilement is of benefit to businesses with: - Deposits made from multiple locations
- Multiple depository accounts
With Account Reconcilement, you'll benefit from: - Increased control of deposits
- Improved efficiency and productivity by eliminating manual processing
- Timely identification of fraudulent transactions
- Reduced bank fees resulting from a reduction of unnecessary accounts and funds transfers
- Electronic matching of checks presented based on the check's serial number and the encoded amount
First Fed provides the following Account Reconcilement services: - Deposit Reconcilement
- Partial Reconcilement
Positive Pay
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