checXchange

Are you tired of collecting on bad checks? Now your returned checks can be automatically collected at no cost to you.

First Federal Bank has partnered with checXchangeTM to offer a check recovery service that automatically collects your returned checks at no cost to you reducing your staff time and expense on collection.

Benefits of checXchange 

  • Free service with no hidden fees and no equipment cost 
  • Collects 100% of the checks face value 
  • Improves collection rates to an average of 80-85% 
  • Access to returned check images online 
  • Collect RDI fees in some states