Positive Pay
Thumb Bank & Trust's Check Positive Pay and ACH Positive Pay help prevent fraud. Check Positive Pay compares your records against checks presented to the bank. ACH Positive Pay can have filters set up to only allow specific transactions to be posted to your account.
Check Positive Pay and ACH Positive Pay are simple to use. For check items, you upload a list of issued checks that would include the date, check number, payee and amount. If something does not match you will be notified of an exception to review and approve or decline. ACH transactions are approved as they clear your account and can be added to an approved payee list. If a new ACH item comes out of your account, that has not been added to the approved list, you will be notified of an exception to approve or decline.
We have a team of financial professionals ready to help you learn more about Check Positive Pay and ACH Positive Pay. With our one-on-one training you will quickly learn how to use the service. The risk of fraud continues to rise, but with Check Positive Pay and ACH Positive Pay you will be better equipped to prevent it.
Subject to additional terms and conditions. Additional fees may apply.