|
With pre-authorized checking PAPER DRAFTS, there is NO
computer access into your customer’s checking account. Your
customer’s check is simply recreated on the appropriate day
each month for deposit into the customer’s bank. It is
handled and deposited exactly like a paper check that the
customers have written themselves. Paper Drafts give you
more flexibility. For
instance, you could hold a check for a few days if the customer
has a financial emergency, or if a customer moves out suddenly
or you forget to notify C&A Solutions, LLC to delete an account,
the worse thing that can
happen
is that you just tear up the check and then fax C&A Solutions
a deletion. There is no worry of your customer’s bank
account being electronically debited for a payment they don’t
owe.
How the
PAPER Automatic Bank Draft Payment Program Works:
- Your customer
fills out a simple AUTHORIZATION form with their checking
account information, their signature and a voided check.
- Your Business’ Manager verifies that all blanks
are filled in and the information is correct.
- This form is faxed (not mailed) to C&A Solutions,
LLC.
- Keep the hard copy of the form for your records.
- Once we have your customer’s account for recurring
monthly payments set up, you only have to notify our office
if there are any deletions or changes by faxing the CHANGE
INFORMATION form with the appropriate choice checked for
Change or Delete Customer. Keep the hard copy of the form
for your records.
- Then on or before the first of each month or agreed upon
date, your office will receive one envelope containing the
pre-authorized checks (one check for each customer).
- Customer’s unit number(s) is printed in the memo
area of each check.
- You simply take the pre-authorized checks to your bank
and deposit them like normal checks on the day that your
customer is expecting you to deposit their check.
- Keep the Deposit Detail Report that comes with the checks
in a file folder or notebook for easy reference.
- If this bank draft is returned for non-sufficient funds
(NSF), you will handle this with the same procedure for
bounced checks that you currently use.
There is NO computer
access into your customer’s checking account.
The payment is
NOT withdrawn from your customer’s bank account until
you deposit the check in the bank.
Each
customer’s check is simply recreated each month and
you receive all of your customers’ payments in one envelope.
On Time, Every Time!
For more
information on the benefits click any of the links below:
|
