International Check Collection
Catalyst Corporate collects member credit unions’ international checks through an established network of international banks representing more than 200 countries.
Features & Benefits:
- Two types of credit are available:
- Provisional Credit – Using this most cost-effective option, a credit union receives credit in four to five business days from the date that Catalyst Corporate receives the check. The item is subject to return and may be subject to adjustment if the return amount is higher than the provisional credit amount.
- Collected Credit – The credit union typically receives credit in eight to 12 weeks, but the credit received is guaranteed. Any returns are subject to additional fees. A minimum check amount is required to use this option.
- Credit unions receive credit directly to their account at Catalyst Corporate.
The following tools are available:
Letter – Collected Form: International
Letter – Provisional International Conversion Calculator