Checks
With Positive Pay2 protect your account by maintaining daily control of paid checks.
With Reserve Positive Pay2 the banking institution presents the list of checks that are drawn against your account for authorization.
Product offered by Banco Popular de Puerto Rico.
1
Member FDIC. Popular Business Solutions commercial products and services entail monthly charges and/or transaction volume charges according to the product or service purchased. For information and price details of commercial products and services, you may contact the Commercial Support Center at 787-756-3939, or your Relationship Officer.
2For the Positive Pay service, a monthly fee of $40 per account and a transaction tier fee will apply (1 to 50 = $0.06 / 51 to 250 = $0.04 / 251 and up = $0.02). For Reverse Positive Pay, a monthly fee of $10 will apply and a returned transaction fee of $15, regardless of the amount of the transaction. Positive Pay and Reverse Positive Pay are independent services subject to a service on account. You can choose the most convenient one. The prices of these services vary for Corporate Banking customers.
3ACH Positive Pay Managed Service (EPA) entails an initial setup fee of $10 and a monthly fee of $10 per account. The price of this service varies for Commercial Banking (CBC) and Corporate Banking customers. The acronym ACH ("Automated Clearing House") refers to electronic transactions processed through the National Clearing House Association.