Check fraud affects nearly three-quarters of U.S. businesses each year, costing billions of dollars in losses. Positive Pay is an exceptionally effective way to keep your business from becoming another statistic.
The concept is simple: When your company sends out a batch of checks, you transmit a list to TCU that includes the account number, check number and dollar amount. When someone tries to deposit or cash one of the checks, it's automatically checked against the master list. If any of the three components don't match, we raise a red flag on your behalf.
Conditions apply. See Products and Services Details for more information.
Additional fees may apply.
Teachers Credit Union is not responsible for accuracy, security, content, or services offered by other websites; we encourage you to view privacy & security disclosures of all websites you visit as they may be different than those of Teachers Credit Union.