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Republic Bank offers several account reconciliation options for your business. These include the following:
Partial Reconciliation (Paid File)
Republic Bank will provide a numerical order listing of your paid checks, including dollar amount and clearing date. All missing items will be noted.
This service completely automates the reconciliation process.
- You provide Republic Bank with a transmission of check items issued, including voided or stopped items, date issued, and dollar amount.
- We balance those items against cleared items and provide you with a report of cleared and outstanding items and balances.
- We can provide you with either an electronic transmission or a paper-based report.
With this service, you provide Republic Bank the beginning and ending check numbers for a specified date. We reconcile those items against cleared items and report the paid items by date, dollar amount, check number, and outstanding items.
We can simplify your accounting process for managing deposits at several locations. We can encode the location numbers on the MICR line of your deposit ticket. We will provide you a reconciliation report identifying individual deposits by location, including subtotals.
Need more information? Contact one of our Treasury Management Specialists at 1-866-534-2341.