Positive Pay
Protect your business with positive pay anti-fraud solution. Keep your business account secure with positive pay, a powerful tool to help monitor and confirm every check issued from your account:
- Record Issued Checks: Log the account number, check number, and check amount of each issued check via your online banking account.
- Verification Process: Bank of Luxemburg will match all presented checks against your recorded data to confirm authenticity. (account number, check number and check amount)
- Spot Fraudulent Activity: Receive alerts for any checks that don’t match the issued details or duplicate checks trying to clear your account, so you can take immediate action.
- Monitor and Decide: You can easily review and decide on the next steps for each flagged item directly in your online banking system.
Additional fees and restrictions may apply.