How to start a collection agency: Collections Software and Payment Processing

Apply for Collections Startup Friendly Electronic Check Processing here: bit.ly/36H9tTS
Software: www.collectionsmax.com
Processing:
bit.ly/36H9tTS
What you need:
*_US Bank, Wells Fargo, Bank of America, CitiBank, Chase, BNP Bank of the West, BB&T, Fifth Third, BMO Harris are what we call “In Network” Banks. Money is in the account on the next business day as an uncollected item. Meaning the, the check has not yet cleared. _*

*_Other large banks will accept our version of eChecks but deposits do not appear for 2 – 3 business days. These banks might include, PNC Bank, Regions Bank, Citizens Bank, Woodforest, BBVA Compass, Key Bank.. just to list a few. We can overnight those funds for a fee since they will not be electronic._*

*This is what you need to apply:*

1. Copy of a Pre-Printed Voided Check or Bank Letter
If Bank Letter:
Needs to be on Bank Letterhead
Signed by Bank Employee
States Business Legal Name, Routing Number and Account Number
2. Copy of Owner’s or Principal’s Picture ID
_(Government Issued Driver’s License or Passport)_
3. Copy of most recent Bank Statement
4. Any ONE of the following:

*-If a Sole Proprietor or Simple Partnership (Only one needed)*
Copy of Business License, or
Copy of DBA Document (Sometimes called Fictitious Business Name filing), or
Copy of County/State Resale License or Tax Certificate

*-If a Corporation (Only one needed)*
Any of the above documents,
-or-
Copy of Articles of Incorporation, or
Copy of State Corporation Documents, or
Copy of IRS Notification of your EIN (SS4 Form)