Manager's Check Cutting

BUSINESS BANKING

Manager's Check Cutting

Allows the corporation to completely outsource its check preparation and disbursing activities to the bank without compromising security and control.

Features

  • Create Manager's Check transaction manually or Via File Upload
  • Verify/Authorize/Release Manager's Check Transaction
  • View status of transactions online, real time
  • Reports are available in PDF, Excel or CSV file format
  • The Recipient or Supplier can Claim the MC from any branch
  • Print BIR Form of all the corporation's Manager’s checks with encoded EWT information
  • Change or update the status of Checks

How it works

  • Using any browser, log on to PBCOM Business Banking web site through the internet.
  • Upon login, go to Cash Management Services from the Menu.
  • Select Disbursement from the extended menu to the right and click Managers Check.
  • Create a Managers Check transaction manually or via file upload.
  • Select whether checks are for pick-up from any of the 88 PBCOM branches or delivery to specified location.
  • Approvers will receive an email notification that a managers check transaction is for their verification or authorization. 
  • Using any Internet-ready PC, smart phone or tablet, your company’s verifiers and authorizers access PBCOM Business Banking via the internet to review and approve the created managers check transaction.
  • Once properly verified and authorized, payees will be notified thru email that a managers check is available for their pick up.
  • PBCOM will fund and print the managers check upon presentation of the payee of required documents.
  • Monitor status of managers check real-time through PBCOM Business Banking Managers check Inquiry. Status update includes Printed, Released, Negotiated status.
  • Download the managers check report in different formats such as pdf, xls, and csv.

Benefits

  • Disbursements operations are migrated to PBCOM
  • If the company chooses to have the managers check picked up from any PBCOM branch, corporate funds are debited only as suppliers pick up the managers check from PBCOM branches.
  • PBCOM Business Banking allows printing of BIR Form 2307s or EWTs.
  • Real-time monitoring of managers checks even if the service is outsourced to the Bank
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