Thursday, November 22
Business Online Banking ACH files must be received by Tuesday, November 20 in order to settle before the upcoming federal holiday (Thanksgiving Day). ACH files received on Wednesday, November 21 will not settle until Friday, November 23.
Advancements with personal computer technology make it easier to produce authentic-looking counterfeit checks, altered checks, and electronic fraud, resulting in substantial check fraud losses. With First Interstate's online Positive Payee system, your company can protect its accounts from check fraud.
Through a continuously issued check file, we are able to better identify potentially fraudulent checks increasing the chances of early detection and return of unauthorized checks in accordance with federal regulation timelines. Issued check files and exceptions are all handled via secure Internet access. Speak with one of our experienced business bankers for more information and how to sign up.
To sign-up for Positive Payee, please contact your local Treasury Solutions Representative or visit your local branch.