Business Banking

eBanking - Account Reconciliation

Chemical Bank's Account Reconciliation service automates the reconciliation of your check register. Reconciling your accounts can save you time and limit errors.

Account Reconciliation compares checks that clear your account each day against the list of checks that your company has issued.

Using our easy internet system (e-Business Banking), your company can upload a checks-issued file each time you create checks. Your file can be entered manually or uploaded with Comma Delimited, Fixed Length or Proprietary ARP file formatting.

The account reconciliation process:

  • The eBanking system matches the serial number, issue date and dollar amount against the checks clearing your account each day
  • The reconciled items are listed in an online register where you can search, sort, filter and download them
  • All mismatched items will be identified by the status in the register

Transaction Type
Transmission Day
System Cut-Off Times
Transfers or Bill Payments
Same Day as the Effective Entry Date
8:00 PM (ET)
Wires
Same Day as the Effective Entry Date
2:30 PM (ET)

ACH Transactions

  • Payroll
  • ACH Payments
  • ACH Receipts
  • Tax Payments

  • 2 Business Days before the Effective Entry Date
  • 2 Business Days before the Effective Entry Date
  • 1 Business Days before the Effective Entry Date
  • 1- 2 Business Days before the Effective Entry Date
 
3:00 PM (ET)
Positive Pay
On each Business Day
10:00 AM (ET)

You will find an eBusiness Banking application and other resources on our eBanking Info page. For more information, stop in or call any Chemical Bank Location or call an eBanking Specialist at 1-866-804-4592. One of our representatives will be happy to answer all of your questions.

Additional Costs and Fees Apply

(Back)