CHECKFLO – Your Company’s Check Mate!

 CHECKFLO – Your company’s check mate!

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Unclaimed Property • Escheatment

Manage Dormant Payments Under a Regulated Framework

Identify, notify, and reconcile unclaimed payments across checks, ACH, and digital payouts. Get audit-ready reporting, optional Dormant FBO custody, and compliant state filings.

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Who We Help

Finance & Treasury Teams Large volumes, tight controls, and clean reconciliation.
Payment Platforms Embed unclaimed workflows without building new infrastructure.
Insurance & Claims Handle returned checks, unclaimed benefits, and claimant address updates with full audit traces.
Gaming Companies Handle dormant winnings, unclaimed player payouts, and returned mail efficiently.
Rewards & Rebate Programs Manage unredeemed customer rewards, loyalty points, and expired rebates in one place.
Accounting Firms Serve multiple clients with clear audit trails.

A Complete Lifecycle

1
Detect Flag uncashed or returned payments using automated reports or uploaded bank data.
2
Notify Send due diligence letters or email notices before dormancy deadlines.
3
Manage Void, reissue, resend, and correct addresses with full audit history.
4
Safeguard Optionally hold unclaimed balances in a dedicated Dormant FBO for segregated custody and cleaner reconciliation.
5
Comply Generate state-ready unclaimed property and escheatment reports with NAUPA II exports.
6
Audit & Report Reconcile unclaimed property activities with full visibility — track mailings, returned items, and compliance status through detailed audit logs and reports.

Three Flexible Models

Client-Funded Accounts

  • Upload reconciliation files or bank status reports.
  • Auto-flag uncashed or returned checks.
  • Trigger letters, emails, and reissuance from the dashboard.
  • Export NAUPA II or request filing assistance.

FBO-Managed Programs

  • Funds held in your name under regulated bank custody.
  • Optional Dormant FBO for unclaimed balances.
  • Full visibility, reporting, and history in Checkflo.
  • Bank manages final escheatment; you stay in control.

Due Diligence Mailing

  • Generate and mail state-compliant owner notification letters before dormancy deadlines.
  • Include claim instructions, reissue forms, or payment options.
  • Track mailing status, returned mail, and proof of compliance.

FAQ

Is a Dormant FBO required?No. It is optional and recommended only for FBO-based programs. Clients using their own bank can keep funds in place and still use Checkflo for tracking and reporting.
Can Checkflo file state reports?Yes. We can generate NAUPA II files for your team or manage full filings through our partner network.
What if a payee claims funds later?We can reissue from the Dormant FBO or your bank account, with all steps logged for audit.

Turn Unclaimed Property Into Controlled Property

Reduce risk, simplify reporting, and stay audit-ready across every payment type.
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