Electronic Funds Re-Presentment

ACBS Electronic Check Re-Presentment is a tool that helps businesses receive payment when customer checks are returned due to “insufficient funds.” ACBS Electronic Check Re-Presentment offers businesses a number of important advantages:

	High recovery rate – The average recovery rate is from 70% - 80%.
	No charge to the business – Fees are absorbed by the people who bounce the checks. There is no set-up fee or minimum number of transactions per month.
	No embarrassment in front of your customer – The process is all handled by ACBS. You never have to make a call to a customer to collect your money.
	Eliminate bank fees – Electronic Check Re-Presentment eliminates fees from your bank for returned checks.
	Hassle-Free Turnkey System – Once you sign up for the tool, you don’t have to do anything.

How Electronic Re-Presentment Works

The business signs a bank release form notifying their bank to mail all returned checks to ACBS’s local processing center.

A sign is posted at the point of sale notifying customers that their bank accounts will be debited for the amount of the check as well as a collection fee.

This fee is set by State Law and is typically $25.00.
When checks are received at the ACBS processing center, they are converted to an electronic transaction. That same day they are transmitted to the National Automated Clearinghouse (NACHA) network for next-day debiting of the customer’s bank account.

If the check is rejected on the first re-presentment, the customer’s bank account is monitored for available funds. The minute funds are available the check is processed immediately.