The Vance County Schools’ Child Nutrition Services will begin using ChecXchange on Tuesday, January 17, to recoup costs of non-sufficient funds checks paid by parents and guardians of students in local public schools for the costs of school meals.
ChecXchange is a service that utilizes the federal and state laws allowing the electronic recovery process of non-sufficient funds (NSF) checks, which results in a high rate of recovery at no cost to the school system.
Vance County Schools’ Child Nutrition Services is always looking for ways to be more efficient and effective in our fiscal policies. While it may seem like a minor issue to some, receipt of non-sufficient fund checks is a time consuming and costly issue. As with any business, the Vance County Schools’ Child Nutrition Services has an obligation to our clients, the community taxpayers, to be fiscally accountable. Processing returned checks can take valuable time from the school district personnel. The ChecXchange service will be a cost effective way to manage this process.
With ChecXchange, the recovery of costs becomes the responsibility of those who wrote non-sufficient fund checks through electronic recovery of the face amount of the check and the electronic recovery of the state fee ($25) from the bad check writer’s bank account. Utilizing ChecXchange is an effort by the school system to be fiscally accountable in a more efficient and cost effective manner.
Vance County Schools’ Child Nutrition Services will gladly accept checks. When a check is used as payment, the check writer authorizes either the use of information from the check to make a one-time electronic fund transfer from the check writer’s account or to process the payment as a check transaction. The check writer authorizes the collection of a fee through an electronic fund transfer from the check writer’s account if the payment is returned unpaid.
Vance County Schools joins 43 other public school systems in North Carolina in using ChecXchange for NSF check recovery.