Positive pay is a fraud-prevention system offered to protect against forged, altered, and counterfeit checks. Your business uploads a file containing issued check data into the Oconee State Bank Positive Pay portal. Checks presented for payment against your account are compared to those issued by the business. Any check not on the issued check list (and potentially fraudulent) will be listed as an exception for you to review and make a "pay" or "return" decision for each item.
The exception processing deadline for Positive Pay decisions is 11:00 PM EST. on the day the check is presented for payment to Oconee State Bank.
With Positive Pay, mismatched checks are identified sooner and account activity may be reconciled with increased accuracy.