Check fraud is greatly reduced with Bangor Savings Bank’s Positive Pay service, as our Positive Pay system matches checks presented for payment against previously submitted issue data. All check issue files are loaded through on our online portal via a comma delimited or fixed file. Any checks not in the issue file, or checks that differ in payee, dollar amount or check number, are sent to your online portal to manage for payment or return. Alerts can be setup to notify that you have exceptions to manage.
Check and ACH Block prevents checks and/or ACH from debiting a checking account. Any checks or ACH debits that attempt to debit the selected accounts will be automatically blocked and returned. This mitigates potential fraud by eliminating the possibility of a forged, altered, non-authentic, or unauthorized debit clearing through the account.
Rapport is a software required for Treasury Online users, and is available for free. Treasury Online users are strongly encouraged to ensure that Rapport is properly installed on every machine that might be used to access Treasury Online.
To learn more about our government products and what may fit your needs best, contact our Corporate Services Team!