By utilizing paper bank drafts your business will collect receivables when you want them, on time, each and every month. You get a pre-authorized check each month for every customer enrolled in the program. You simply take the pre-authorized checks to your bank and deposit them as you would a normal check.

Saves you time

You can eliminate all the invoicing, billing, and collection phone calls you might make by instituting a bank drafting program. The savings can be significant, usually in the range of one to two dollars in savings per customer, per billing cycle. Insurance companies first started using bank drafting over 30 years ago to reduce costs and increase customer retention.

There is no software cost, and no extra phone lines or hardware involved. In simple terms, bank drafts are the non-electronic equivalent of ACH/EFT processing.

Easy to implement