Re$ubmitIt Check Recovery

Welcome to

At BankNewport we're here to help you with all of your business needs, including one of your biggest headaches - returned checks. Our partnership with Re$ubmitIt Electronic Check Recovery service 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?

To be Eligible for Electronic Recovery, a Returned Check Must:

   • Be a personal check payable to a business (not business-to-business) and originally deposited to a business checking account with BankNewport.

   • Be under $2,500

   • Be dated less than 180 days from date of transaction

    • Cannot have been already submitted twice, either electronically or by paper draft

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 BankNewport to Re$ubmitIt, where eligible checks are converted into electronic items for re-presentment to the check writer’s bank account for collection.

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.

If you have questions or for more information & details, please email Re$ubmitIt at support@resubmitit.com