Byline Bank Business Online Banking

Positive Pay & Payee Positive Pay Byline Banks’ Positive Pay service helps your company control losses from check fraud. Because we only honor checks that match the information provided by your business, you can feel confident only authorized payments will remain paid. A default decision (e.g. “pay” or “return”) is selected at implementation. How it Works 1 Each time your company issues a check(s), an issue file must be created and sent to the bank. The file contains the check number, dollar amount, issue date and *payee name. Tip: The check issue file should be submitted to Byline Bank on the same day the checks are written. *Payee name is only required with the Payee Positive Pay service. 2 As checks are presented for payment, they are verified against your issue file. 3 Each day you will receive a report via Business Online Banking listing checks presented for payment that do not match the check issue data. This list will be delivered to you by 9:15 AM CT (known as the “notification deadline”). 4 You tell us to pay or return the suspect item(s) by logging into Business Online Banking. If we do not hear from you by 12:00 PM CT (known as the “decision deadline”), we will follow the default disposition instructions you selected during setup. 5 If requested, at the end of your statement cycle, the account reconciliation team will prepare a full or partial check reconciliation for your account.

38 Byline Bank Business Online Banking