On Thursday, January 18th, our Nags Head, Southern Shores and Corolla locations will remain closed due to icy road conditions. All other TowneBank locations will open at 11 a.m. to serve our members. Thank you for choosing TowneBank!

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Check/ACH Fraud Control

Check Fraud Control
Protect your company from fraud by monitoring against suspicious check activity through Positive Pay services. Positive Pay identifies fraudulent items before a payment is issued to help you to reduce the risk of financial loss and minimize disruption to your business.

Here’s how it works:

  • Each time you issue checks, you send an electronic file to TowneBank. The file contains individual check serial numbers and amounts.
  • TowneBank builds a register from the file you send and compares it to every check presented for payment against the file.
  • If any check’s serial number and amount do not match the file you sent, the check is presented as a possible fraudulent item through Towne-Biz Plus for you to make a pay or return decision.

Benefits to your company:

  • Detect suspicious check activity
  • Expedite identification of fraudulent activity
  • Quickly flag items and easily determine whether to make the payment or return the check
ACH Fraud Control
Protect your company by implementing ACH Block or ACH Control.

ACH Block
  • Return all ACH debits or credits attempting to post to an ACH blocked account
  • Rejection is automatic, reducing clerical time and saving money

ACH Control
  • Reject unauthorized ACH transactions based upon your list of designated originators using ACH controls
  • Useful for accounts that require taxes, payroll, or other pre-authorized debits 

Learn More

Contact a Treasury Services Specialist to get started.