Check Services
Our Check Services include Deposit Reconcilement for consolidation and tracking of all deposits, Transit, a high-speed check clearing service, and Remote Check Deposit Service for accelerated conversion of payments outside of lockbox or normal payment processes.
Deposit Reconcilement:
- Lets you track deposits from multiple accounting units while using only one depository account
- Provides information sorted and subtotaled for your accounting records
- Enables companies to track cash/check deposits, as well as miscellaneous entries for all Pennsylvania-based company units
- Offers Inter-Region Deposit Service for companies with multiple stores, departments or divisions located in Pennsylvania
Transit is a high-speed check clearing service designed to improve availability of funds with minimal collection fees. Treasury Services operates four strategic check-processing facilities — Boston, New York/New Jersey, Philadelphia and Pittsburgh (First, Second, Third and Fourth Federal Reserve Districts). You can benefit from:
- Over 50 correspondent bank relationships
- Excellent funds availability at competitive pricing
- Remote Check Deposit Service also enables corporate customers to accelerate the conversion of payments — received outside of their normal payment process or with multiple depository locations — into collected funds. Benefits include decreased transportation costs, enhanced customer service and accelerated access to cash.