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

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.

BENEFITS

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.

What is the Account Reconciliation process?

Our Account Reconciliation process is as follows:

  • Our Business Online Banking 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.

What are the cut-off times based on transaction type?

For cut-off times based on transaction type, please refer to the following:

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)