Cheque verification

Fédération des caisses Desjardins du Québec computerized service offering a complete range of issued cheque processing, including reconciliation, storage and research.

Reports are produced at each process.

These contain information about:

  • outstanding cheques (cheques issued but not yet cashed by payees)
  • commercial chequing account for the period
  • adjusted balances taking into account outstanding cheques

Advantages

  • Allows you to reduce administrative costs
  • Eliminates cheque storage fees
  • Provides opportunity for you to follow-up on cash outflow as often as you wish
  • Reduces instances of fraud