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RFA 210 -006 Additional re -clear attempt Faster re- presentment times Earlier fraud detection All items collected in the additional attempt are gravy -your - customer would have ha to c ollect t hose items man ually. J The sooner you know whether you need to manually collect on an item, the better the chances of collecting it. Information can be entered into negative databases faster with Electronic Returns, so the customer can stop accepting checks sooner, reducing the number of potentially fraudulent items accepted. 2. Are checks automatically re- deposited? How many times? At Wells Fargo, our standard return item processing includes automatic re -clear of all first -time non - sufficient funds (NSF) and uncollected items under $300. We will forward return items and advices to your statement address. If applicable, your advices and reports will include location numbers. We make one summary debit per location per day. Returns are always debited from the account where they were originally deposited. Wells Fargo provides customized processing options including for Return Item Special Instructions. 3. When and how will the City be notified of return items? You may view all returned items on -line the same day we receive them in our Returned Items processing center. Between the hours of 9:00 a.m. and 3:00 p.m. ET, our Commercial Electronic Office (CEO) Returned Item Decisioning service allows you to view images of returns as they arrive at Wells Fargo. And, you can change the default disposition (redeposit, chargeback) on NSF and UCF items by clicking on a radio button until 7:30 p.m. ET. Access is controlled by User ID and account numbers. In addition to standard return item processing, we also offer optional services, some of which may require additional fees. • Automatic redeposit of all first time returned checks up to your specified dollar limit. • Mail the advice to an address other than the statement address and /or mail a copy of the advice to a different address. • Separate debits for each return item versus one debit for multiple items. • Chargeback of items to an account other than original depository account. • Data transmission of returned item information, including keyed information such as maker name, phone number, address, etc. • Daily online reporting using the CEO Treasury Information Reporting system, including keyed information such as maker name, phone number, and address. 4. Is the applicant capable of processing the second presentment as an ACH with a targeted presentment date (electronic check recovery service "RCK ")? Describe in full. Is the applicant currently using this method for NSF checks? If so, how long has the applicant been providing this service? What level of collection is normal with RCK?