Business Banking

eBanking - Positive Pay

Chemical Bank's Positive Pay service quickly identifies possible fraudulent checks to help safeguard your company against check fraud. You may distribute tens, hundreds or even thousands of checks each month. No matter how many checks you issue, make sure the checks clearing your account are truly yours and not the creation of someone with a fancy printer. Positive Pay is the answer.

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

  • Using our easy eBusiness banking internet system, your company can manually enter or upload your issued file using Comma Delimited, Fixed Length or Proprietary ARP file formatting
  • The eBanking system matches the serial number, issue date and dollar amount against the checks clearing your account each day
  • You will receive an email reminder to review your exception list each morning before 10:00 a.m. EST cutoff time and indicate whether each item should be paid or returned. The system defaults all exceptions to a 'Pay' decision at the cut-off time each day
  • All mismatches will be flagged as exceptions and be available to you via eBanking for a pay/no pay decision

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 have complete control over what clears your account.

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

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