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BUSINESS SERVICES

COLLECTION SERVICES


Soy Capital will help you collect:

  • Bond Coupons
  • Drafts
  • Checks previously returned
  • NSF Checks can be processed with our CollectionAssist RCK Service

COLLECTIONASSIST
A check collection service for our business customers from Soy Capital Bank

Why continue to hassle with NSF checks? They cost you time and money. They upset both your customers and your staff.

Who can handle the problem quickly and easily for you...at no cost? We can, at Soy Capital Bank with COLLECTIONASSIST. We take your consumer NSF paper checks made payable to your business for less than $2,500, and convert them to ACH transactions for collection. With an ACH, we can control the timing of presentation for payment. For NSF checks, timing might be everything. After all, a check that bounces today may be good tomorrow.

How do you get started with us? Follow these three steps:

  • Complete an RCK agreement for COLLECTIONASSIST with Soy Capital Bank.
  • Display signage we provide to you alerting your customers to this change in collection procedure.
  • Stamp each check you take with the stamp we provide.

How much will it cost to use COLLECTIONASSIST?

If we collect the NSF check...
.....cost to you is $0

You get the check amount and Soy Capital Bank charges a $25 collection fee to the customer.

 

If we do not collect the NSF check...
....cost to you is $0

The check is returned to you and you can attempt to collect as usual, including collection of the NSF fee.
 
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