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Cash Management

Positive Pay

Protect your company from fraud with this easy and powerful monitoring tool.

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Safeguard your business and simplify your financial management process with Montecito Bank & Trust's powerful Positive Pay services. For checks and ACH, you'll have the tools to identify any suspicious transactions and take immediate action to block unauthorized debits from your account. Plus, our Account Reconciliation reports assist with your reconcilement process, saving you valuable time and effort. With Positive Pay, you can stay one step ahead of fraudsters and keep your business finances secure.

Check Positive Pay
with Payee Match

Compares cleared check information to an issued check file you upload and flags any exceptions for review.

ACH Positive Pay

Allows the ACH debits you designate and flags all others as exceptions for review.

Account Reconciliation
Reporting

Simplifies the reconciliation process with comprehensive reports designed to make reconciling easy.

Check Positive Pay
with Payee Match

Compares cleared check information to an issued check file you upload and flags any exceptions for review.

ACH Positive Pay

Allows the ACH debits you designate and flags all others as exceptions for review.

Account Reconciliation
Reporting

Simplifies the reconciliation process with comprehensive reports designed to make reconciling easy.

Positive Pay Video Tutorial

Positive Pay Video & Guide

Learn how this powerful monitoring tool can help your business detect, and act on, processing errors and fraudulent transactions quickly.

Positive Pay guide

Positive Pay FAQ

Positive Pay is a fraud prevention tool that compares the checks or ACH debits presented to your account against the list of payments you’ve issued or authorized. Any mismatches are flagged for your review.

Our Positive Pay service includes Check Positive Pay with payee match, ACH Positive Pay, and account reconcilement reporting, all with one monthly fee per acccount. See our Schedule of Fees & Charges for details.

You upload a file of issued checks, usually exported from your accounts payable software. When a check is presented, MB&T verifies it against your file. Exceptions (e.g., altered or counterfeit checks) are sent to you to approve or reject.

You set up rules for which companies are authorized to debit your account. Any unauthorized ACH debit is flagged for your decision.

With Account Reconciliation Reporting, we help simplify the reconcilement process by providing a comprehensive report that includes paid checks, ACH debits and credits, deposits, service charges, and more. If you provide us with an electronic file of checks issued, we will reconcile it to the checks that have paid against your account. Plus, you'll receive comprehensive reports on stop payments, voids, paid checks, and outstanding checks.

It significantly reduces your exposure to check fraud and unauthorized ACH debits, helping protect your business’s funds.

You’ll receive email alerts and can review exception items through your Business Online Banking profile.

There is an application and set-up process required for Positive Pay, with which your Business Banker can help you. Once approved, we will help you set up your check import file specifications and your admin will be given access to Positive in Business Online Banking or Commercial Center. Your admin can then assign permissions to other users. Once enabled, Positive Pay will appear as an option in Business Online Banking or Commercial Center (whichever system your business uses). No additional credentials are required.

Positive Pay acts as a real-time filter, flagging suspicious items before funds leave your account. This extra layer of review stops fraudulent checks and ACH debits before they clear, protecting your business from losses.

Yes, there are monthly, exception item, and return fees for Positive Pay. For Business Analysis Checking and Community Dividends Analysis Checking clients, these fees can be offset with Earnings Credits. Please see our Schedule of Fees and Services for details.

Have any questions?

We're here to help.

Schedule an appointment ATM & branch locations Call us at (805) 963-7511

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