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Account Reconciliation Positive Pay

Account Reconciliation Positive Pay* uses the latest technology for record keeping and fraud prevention to provide your business with a more efficient way to handle check reconciliations while protecting your business from check fraud
Account Reconciliation provides your business with:
  • More control
  • More accuracy
  • More confidentiality when reconciling accounts
  • Reduced paperwork
  • Detailed and timely record of account transactions to help you manage your business more efficiently

Positive Pay helps your business:
  • Reduces the risk of fraud, regardless of the number of checks you issue
  • This client-maintained check verification service streamlines the check reconciliation process and improves security
Here’s how:

Submit a file containing the checks issued or voided from your account via a secured website. As items are paid against the account, you can review exception items to determine if you want to pay checks or return them.

For more information please contact the NYCB Cash Management Department at (877) 353-7631

*Requires separate application or agreement. For further information, please contact the NYCB Cash Management Department at (877) 353-7631. Offer may be withdrawn at the discretion of the bank at any time.