Managing returned checks is a cumbersome and time-consuming task. This service is designed to make the job easier for you. Banco Popular acts as a collection agent for your returned checks due to insufficient funds. There are various alternatives for every need.

• Collection Efforts on Returned Checks from Banco Popular Each day we verify the balance of the issuing person’s account. When funds are available to cover the amount of the check, we clear the check and credit your business account.

• Collection Efforts on Returned Checks from Other Banks Returned checks are re-deposited one week after the date they were returned.

• Electronic File of Returned Checks Accelerates the process of collecting returned checks. Your company will periodically receive detailed information on returned checks via file transmission.

• Electronic Redeposit Through the Automated Clearing House(ACH) network, Banco Popular reprocesses returned checks due to insufficient funds. The funds will be available to your company while Banco Popular seeks to clear them.

For more information about our Collection Services, please contact Commercial TeleBank at 787-756-9130 or 1-888-756-9130.