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You can select a message by text or phone advising that your positive
pay/payee positive exceptions are ready for review.
Positive Pay Process:
Maximum Dollar Notification
You can specify the maximum dollar amount (e.g. $10,000) for which a
check should be paid. In the event a check is presented for payment
that exceeds the maximum dollar amount you specified (e.g. $100,000),
the check would be included in your exception notification with the
exception notification with the exception reason listed as “above
maximum dollar amount.”
Stale Date Notification
You can specify for a check to be paid within a specific period of time
(e.g. six months from issue date). In the event a check is presented
for payment that exceeds the specified pay period, the check will be
included in your exception notification with the exceptions reason
listed as “stale dated item”.
Positive Pay Process
3639 N. Broad-
way
773 244 7000
Customer issues
check
Issue file sent to
Business Online Banking
Check given to payee
Check presented for
payment
Validated against
issue file
Exception items presented
to customer using Business
Online Banking
Disposition Instructions
Return
No Response
Pay
Default instructions on file
are implemented
Item returned to
bank of first deposit.
Account credited for
check amount
Item remains posted on
the account
Item(s) reconciled for cycle-end reports, if client subscribes to full or partial check
account reconciliation