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Re$ubmitIt
Electronic Collection of Returned Deposit Items

Capture a leadership position within the business community by offering an innovative, effective and FREE service that increases profitability for accountholders and you!

With the Re$ubmitIt® program, your commercial accountholders can double collections from returned deposit items, including checks, ACH check conversions and ACH originations. Your institution increases income through a unique revenue sharing agreement with BSG Financial, while outsourcing the hassle of processing Double Collections from bad checksthe returned items. Plus, because your commercial accountholders pay nothing for the service, you will be viewed as a valuable, innovative partner to their business.

How it works. Re$ubmitIt® is a new, better solution for returned deposit item collections, with proven success in capturing 100% of the face value of all items collected electronically. When a returned deposit item is debited to a business account, your institution sends it to Re$ubmitIt® where it is re-presented electronically — up to two additional times. As a result of multiple submissions and strategic timing, your accountholders will collect more from returned items, with less work.

On average, 70–75% of all items processed through the Re$ubmitIt® program are collected in full — a significant increase over the traditional 40–50%. To further increase success, we also offer FREE secondary collections for those checks that go uncollected after the maximum number of electronic re-submissions.

The Re$ubmitIt® process is being used by over 15,000 businesses that can now concentrate on profit-making opportunities rather than collections. And, with our comprehensive Web-based reporting system, you and your accountholders can view check images, obtain status reports that include detailed information for each check, track payments, and measure results.

Reduce costs. Increase revenues. Re$ubmitIt® is a turnkey solution to bad check collection for you and your business accountholder —

Financial Institution:
• Incurs minimal marketing costs — BSG Financial assists institution with introducing the program to business accounts.
• Increases income through revenue-sharing agreement with BSG Financial.
• Decreases administrative costs and hassle of processing bad checks.
• Becomes market leader and is viewed as a valuable business resource.
 
Business Accountholder:
• Pays nothing — no set-up fee; no equipment to buy; can cancel any time.
• Spends less time on collections, more on customers.
• Significantly increases collections, with less effort.
• Can start immediately — instructions and notification materials provided.

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Free not fee

Endorsements


Re$ubmitIt® is endorsed by or
a preferred vendor of more state banking associations than any other provider.
»
View Associations

NEW Re$ubmitIt® Promotional Video from South Carolina Bankers Association
»
View Video

 
Success Stories


First State Bank Helps Businesses Recover 75% of Returned Deposit Items with Re$ubmitIt®
» View Case Study

First Central Bank/Odessa BP
» View Case Study

Third National Bank/Sedalia School District
» View Case Study

 
Product Brochure


Re$ubmitIt®
» Download Product Overview
 


» CONTACT
Re$ubmitIt Support Team