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Automated Escheatment Services.

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SPEAKER: Escheatment of uncashed checks is a painful process-- completing extensive manual tasks, working with limited visibility, tapping into already exhausted resources, and added costs, all this while navigating the complexities of different rules across 55 jurisdictions. Manual tracking and reporting requires significant time and energy, keeping your staff away from other value-add tasks. But there's opportunity for change. With automated escheatment service from U.S. Bank, you can act now to prevent unclaimed property and resolve the items you can't before escheatment becomes a bigger problem.

Simplify and streamline your unclaimed property and escheatment process with an integrated, automated, end-to-end solution that eliminates manual tracking, saving time and energy. Integration with our check data warehouse lets you see items that are aging, outstanding, canceled, or paid so you can easily identify and categorize at-risk items as they move through the stages of escheatment.

Automated analysis identifies items due in both current and future escheatment cycles and autopopulates due diligence letters for you to review and save online for audit defense. And exception-based alerts organize client responses to letters and proactively identify records needing your attention. Then we will remit and file your state reports, ensuring you stay compliant with statutory requirements and safe from potential fines and penalties. Round out your payment ecosystem with automated escheatment services to regain your time, energy, and resources.

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Logo, U.S. Bank. Text, Contact a U.S. Bank Representative to learn more.