Monetary Instruments- Money orders and Official Checks settlements include a reconciliation of these monetary instruments and Outstanding Register (depending on your process) ensuring the CU has up to date information of outstanding items, helping your front line identify potential fraudulent monetary instruments.
If your institution is interested in Monetary Instrument settlement, click here to learn more about pricing
Essential processes are critical non-member facing transactions requiring completion either before performing additional balancing, or helping your front line mitigate fraud, like maintaining your institution’s Outstanding Official Check Register.