Our Positive Pay product just recently got a facelift! View the product details and highlights here. Our affordable business operations services save you time and money. Want more time with your employees and customers? How about less stress and headaches from paperwork? Richwood Bank gives you all this and more at a cost you can afford.
What is Positive Pay? Positive Pay is a product that allows you to prevent check fraud and monitor which checks are going through your account. Once we enable the Positive Pay product, you will create and upload a template of how all your checks should look. Customers will also have access to compare check details.
Who will benefit from Positive Pay? Positive Pay would benefit customers that write a substantial number of checks. This product helps cut down the risk of check fraud because the customer is reviewing check images that do not match their template.
What is the cost for Positive Pay? The cost for this product is $10 per month for Business Online Banking plus $30 per month for the Positive Pay product.
Positive Pay helps in creating, transmitting, and researching check records that you send to the bank, in doing so, it serves as an anti-fraud measure. Reduce your risk of altered and counterfeit checks by checking them against records created through Positive Pay. You review the report and decide whether the check is to be paid or rejected.
Call (740) 943-2317 and ask to speak with our Product Solutions team for questions or concerns regarding Positive Pay today. We’re dedicated to providing you with the services and tools to thrive. When you utilize our commercial products and invest in our service lines, you have the opportunity to reap the rewards.
Are YOU ready to work for an award-winning team that provides opportunities for customers to earn rewards with a passion for the community? The Richwood Bank culture is unmatched, and our Great Place to Work Certification proves it! 92% of employees at Richwood Bank say it is a great place to work. Find a job you love and join our award-winning Richwood Bank team!