What are Consolidated Returns?
Consolidated Returns combines a company’s returned checks into a single account, while maintaining multiple banks of deposit. This allows a company to control the recovery process more effectively by speeding the item through electronic re-presentment. Consolidated Returns reduces banking fees on returned checks by eliminating the re-deposit step to the depository bank. You will also know more quickly when an item has been returned with Consolidated Returns, a critical factor in helping collect returned checks.
