checXchange

M&F Bank is pleased to offer checXchange, a no-cost benefit for our Business Checking customers. checXchange™ provides you with an automatic and effective service which enables you to manage your business without the time and hassle of collecting bad checks.

checXchange™ benefits:

• It is a FREE service
• Keeps you out of the collection business
• All returned checks are handled automatically
• Recovers 100% of the face value of the check
• Significantly enhances collection Rate of Recovery
• Improves cash management by recovering funds faster
• Reduces internal staff time and expense on collections
• Provides real-time, on-line access to all checks being collected by checXchange™
• Offers optional secondary collection service

Click here for Frequently Asked Questions.