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Preauthorized debits

Eliminate float time, reduce late payments or no-pays and enjoy more control over your finances with preauthorized debits.

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Most people find pre-authorized debits a convenient alternative to the monthly hassles of writing, mailing, or delivering checks. Instead, by authorizing electronic transfer of funds from their account to yours, your customers save money on check blanks and postage while avoiding late fees.

Company benefits

  • Predictability of funds
  • Increased control over funds
  • Elimination of float
  • Reduction in late payments
  • Reduced cost for billing and handling
  • Higher customer retention

If your company has a strong volume of fixed, recurring receivables, preauthorized debits may benefit you. Call or contact your Alerus advisor for more information today.

 

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