Greer State 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 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 Greer State Bank to Re$ubmitIt®, where eligible checks are converted into electronic items for re-presentment to the check writer’s bank account for collection. This will incur a $10 return check fee.
  2. The electronic check file is processed and strategically timed for re-presentation. Presenting checks at proven "smart dates" improves the chance of collection.
  3. If the item is not recovered on the first electronic re-presentment, it is re-cued for a second electronic re-presentment (third total). If this third presentment fails, the check can be sent to Re$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.

To be Eligible for Electronic Recovery, a Returned Check Must: 
• Be a personal check to a business (not business-to-business) 
• Be under $2,500 
• Be less than 180 days old from date of transaction 
• Cannot have been already submitted twice, either electronically or by paper draft 

What Happens to Ineligible Checks? 
Returned items that are less than $2,500 and ineligible for electronic re-presentment are re-submitted to the check writer’s account as a paper draft, subject to eligibility requirements. Items greater than $2,500, are returned to the business. 

If you have questions about the Re$ubmitIt® electronic check recovery service, please contact a Relationship Banker at (864) 877-2000 or email support at: 

Click here for more information about Re$ubmitIt®


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