Legends Bank Positive Pay reduces check fraud by matching each check presented for payment against a list of checks issued. Suspect checks are immediately reported back to Legends Bank, so we can make sure that only the checks you have issued and authorized are paid.
- Protect your business from losses due to check fraud
- Return fraudulent check items before funds are withdrawn from account
- Upload check posting file daily, weekly, or monthly
With Positive Pay, it is highly recommended that businesses implement additional daily procedures such as reviewing checks exceeding a specific dollar amount to ensure their legitimacy and further protect against potential fraud.
*Subject to approval