Orrstown Bank is here to help you with all of your business needs, including one of your biggest headaches – returned checks. Orrstown Bank’s electronic check recovery service, Re$ubmitIt® significantly reduces the burden of collecting funds from NSF checks, while potentially doubling your recovery rate. You collect more returned checks and get 100% of the face value of all checks that are collected electronically!

How Does Re$ubmitIt Work?

The Re$ubmitIt electronic check recovery service handles the collection process electronically, via the Automated Clearing House (ACH) network for re-presentment directly to the check writer’s bank account.

1. Returned checks are sent from Orrstown Bank to Re$ubmitIt, where eligible checks are converted into electronic items for re-presentment to the check writer’s bank account for collection.
2. The electronic check file is processed and strategically timed for re-presentation. Presenting checks at proven "smart dates" improves the chance of collection.
3. If the item is not recovered on the first electronic re-presentment, it is re-cued for a second electronic re-presentment (third total). If this third presentment fails, the check can be sent to Re$ubmitIt’s FREE secondary collections, or sent back to you.
4. Upon settlement, 100% of the face value of the check is reimbursed to you automatically. The check writer’s account is charged a state-regulated collection fee to cover the cost of collection.

If you have questions about the Re$ubmitIt electronic check recovery service, please email them at support@resubmitit.com.

To be eligible for Electronic Recovery, a returned check must:

• Be a personal check to a business (not business-to-business)
• Be under $2,500
• Be less than 180 days old from date of transaction

And:

• Cannot have already been submitted twice, either electronically or by paper draft

What Happens to Ineligible Checks?

Returned items that are less than $2,500 and ineligible for electronic re-presentment are resubmitted to the check writer’s account as a paper draft, subject to eligibility requirements. Items greater than $2,500, are returned to the business.