Form 2.9
URL and Web Site Description Of Electronic Check Recovery Service

Berkshire Bank is here to help you with all of your business needs, including one of your biggest headaches—returned checks.

Berkshire Bank’s electronic check recovery service, Re$ubmitIt® significantly reduces the burden of collecting funds from NSF checks, while potentially doubling your recovery rate. You collect more returned checks and get 100% of the face value of all checks that are collected electronically!

How Does Re$ubmitIt® Work?

The Re$ubmitIt® electronic check recovery service handles the collection process discreetly and electronically from beginning to end, via the Automated Clearing House (ACH) network for re-presentment directly to the check writer’s bank account.

1. Returned checks are sent from Berkshire Bank to Re$ubmitIt®, where eligible checks are converted into electronic items for re-presentment to the check writer’s bank account for collection.

2. The electronic check file is processed and strategically timed for re-presentation. Presenting checks at proven “smart dates” improves the chance of collection.

3.If the item is not recovered on the first electronic re-presentment, it is re-cued for a second electronic re-presentment (third total). If this third presentment fails, the check can be sent to Re$ubmitIt’s FREE secondary collections, or the check can be sent back to you.

4. Upon settlement, 100% of the face value of the check is reimbursed to you automatically. The check writer’s account is charged a state-regulated collection fee to cover the cost of collection.

Your Berkshire Bank Business Checking account is automatically enrolled in the Re$ubmitIt® Program, however if you would prefer not to have the Resubmit service in connection with your business account , simply call your Branch Manager or Commercial Lender at (610) 376-7200 to opt out of the program.

If you have questions about Berkshire Bank’s Re$ubmitIt® electronic check recovery service, call 1-866-860-5906, or click here.