Deposit Chek

Deposit Chek®

Prevent deposit fraud loss

Deposit Chek® leverages account deposit data contributed from 2,500+ financial institutions to help balance your consumers’ expectations for immediate availability of deposited funds with your need to guard against losses due to fraudulent, high-risk, counterfeit, or duplicate items.

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In 2022, a bank with 7MM DDAs using Deposit Chek® was alerted to an average of $75M in potential fraud loss on responses including status verification, duplicate item, stop payment, high-risk, counterfeit and treasury high-risk items.

Source: National Shared DatabaseSM Resource Report, 2021

All the capabilities you need to accelerate funds availability.

Enhanced tools:

ADVANCED ACCOUNT RESPONSES

Account status: Indicates the open, closed, or overdrawn status of the external account as well as whether an item is drawn on a new account credit card, brokerage, or other type of account.

✓ Data provided:
Summary of status codes

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DUPLICATE AND COUNTERFEIT ITEM DETECTION

Helps detect possible counterfeit and duplicate items through transit, ACH activity and accounts with recent return activity, improving confidence and risk management of associated deposits.

✓ Data provided:
Item-level response

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MACHINE-LEARNING MODELS

Provides unparalleled visibility into the return risk associated with ACH and paper check transactions, as well as the historical status for transactions drawn on contributing and non-contributing accounts.

✓ Data provided:
Predictive score

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ACCOUNT OWNER AUTHENTICATION

Provides confirmation that the inquiry account data matches to an account owner or account signer.

✓ Data provided:
Yes or No response

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Understand risk where it occurs

Deposit Chek® analyzes daily transactions among both contributing and non-contributing organizations. It delivers a comprehensive response to financial institutions, reflective of historical account activity (account status, returns, overdrafts, and ACH), allowing them to assess transactional risk with high scrutiny and precision.

Deposit Chek® use cases

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NEW ACCOUNT FUNDING

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ACCOUNT OWNER AUTHORIZATION

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US TREASURY API INTEGRATION

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ACCOUNT LINKING

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FUNDS TRANSFER

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DEPOSIT SCREENING

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ACH

What it solves

Deposit Chek® helps to prevent fraud and expedite funds availability decisions at the teller window, new account desk, image-enabled ATM, and in the online and mobile environments.

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The Early Warning® Advantage

Leverage 30 years of experience to enhance your new accounting opening strategy, verify deposits and payments and make informed decisions.

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Robust data

Early Warning is the Trusted Custodian® of the National Shared DatabaseSM Resource which contains a rich set of data, ensuring our information is always up-to-date.

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Scalable technology

Grow at your own pace! Access our capability bundles through a simple API. Implement once – and quickly deploy additional capabilities in a snap.

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Rich analytics

Our risk assessment algorithms incorporate comprehensive, cross-institution data sets, adding depth and perspective to insights.

Early Warning is the Trusted Custodian® of the National Shared DatabaseSM Resource – which contains a rich set of deposit performance data contributed by more than 2,500 financial institutions including banks like:

Bank of America, Capital One, Chase, PNC, Truist, US Bank and Wells Fargo

Interested in learning more about our Payments & Deposits solutions? Fill out the form to receive more information from Early Warning®.

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