My returned checks are being sent to Re$ubmitIt. How did I enroll in this service and how does it work?
As a service to business accountholders, Old Point automatically enrolled you in the Re$ubmitIt electronic check recovery program (please read important “Terms of Use” for this service). Now, when a check writer presents a check to you that is returned (i.e., for non-sufficient funds (NSF)), Old Point sends the check directly to Re$ubmitIt for collection. Re$ubmitIt has two opportunities to re-present the check to the check writer’s account, thereby increasing the chances for recovery of funds. It also takes the work of collections out of your hands.
