The Telecheck Check Scanner will print out a receipt. Do not accept a even if it is drawn on Obtain the customer’s signature on the receipt. another bank. Return the check to the customer. Message: “Accept” Retain the receipt for 2 years. Obtain customer signature on receipt. message does not guarantee that the will not Return check to customer. “Accept” be returned later for insufficient funds or account closing. Retain copy of receipt for 2 years. Check can still be returned by the bank. 7. At the end of the business day, the Telecheck Check Scanner must (settle) the Telecheck Check Scanner daily. be so that transactions are submitted and processed. Run the Telecheck Daily Report at “batched” This must be done daily. Detailed instructions with images are available on the Please use the Telecheck Daily report run from the Telecheck Bank Reconciliations website at . website. User IDs will be sent when Telecheck machines are sent. 8. Prepare your deposit using standard deposit procedures for checks and cash to be presented for deposit. Record Telecheck deposits on a separate GL Journal Line from other cash, checks, and credit card transactions. Deposit to account 10510, Fund BANK Do not combine with other cash, check, ACH, or credit card BANK lines. Separate bank lines for other sections of the deposit are okay. Deposit line will read XXXXXX (last six digits of Telecheck Subscriber ID (this is the Merchant ID 2nd 8th – digit in the daily statement under Reference”) “Merchant MM.DD.YYYY (the month, day, and year of the processing). Line amount must equal total amount in daily report from Telecheck. Journal Support Attach the Telecheck daily report as support.
The Telecheck Check Scanner will print out a receipt. Obtain the customer’s signature on the receipt. Return the check to the customer. Retain the receipt for 2 years. “Accept” message does not guarantee that the will not be returned later for insufficient funds or account closing. Do not accept a even if it is drawn on another bank. “Accept” Message: Obtain customer signature on receipt. Return check to customer. Retain copy of receipt for 2 years. Check can still be returned by the bank. 7. At the end of the business day, the Telecheck Check Scanner must be “batched” so that transactions are submitted and processed. This must be done daily. Please use the Telecheck Daily report run from the Telecheck website. User IDs will be sent when Telecheck machines are sent. (settle) the Telecheck Check Scanner daily. Run the Telecheck Daily Report at Detailed instructions with images are available on the Bank Reconciliations website at . 8. Prepare your deposit using standard deposit procedures for checks and cash to be presented for deposit. Record Telecheck deposits on a separate GL Journal Line from other cash, checks, and credit card transactions. Deposit to account 10510, Fund BANK Do not combine with other cash, check, ACH, or credit card BANK lines. Separate bank lines for other sections of the deposit are okay. Deposit line will read XXXXXX (last six digits of Telecheck Subscriber ID (this is the Merchant ID 2nd – 8th digit in the daily statement under “Merchant Reference”) MM.DD.YYYY (the month, day, and year of the processing). Line amount must equal total amount in daily report from Telecheck. Journal Support Attach the Telecheck daily report as support.
Telecheck%20Processing%20and%20Deposit%20Procedures.docx