How Do I Process an Insta Money Check?
A Plus Check is a physical check issued by Transplatinum / Fleetone. These are printed checks.
Understanding the Fleet Check Process
Fleet checks are used to pay for diesel transactions, fuel and / or cash advances. Handle fleet check transactions as if you are cashing a check. Customers can come in with a fleet check or may request a fleet check from you by name.
You will begin the process by ensuring the customer has completed all blank spaces, except the authorization number. Ask the customer to endorse the bacl of the check. Then ask for the customer's government issued ID to verify that the name in the "Pay to the Order of" field and any other identification information filled out on the fleet check match the information on the ID. Be sure to compare the endorsement signature to the ID as well.
About Insta Money
Insta Money is a program that allows customers to access cash from their credit line if they need money for trucking-related expenses like tolls, washing the truck, paying lumpers or anything else that cash might be needed for. A fleet can provide drivers with a cash advance limit per week and that cash can be accessed at any truck stop in the Multi Service Fuel Card network. The cash advance is distributed by the fleet however desired. Drivers will only have access to the amount of cash they’re approved for.
(1) Fill out the following blanks
Driver's License Number and State - Type infromation as provided by the customer
Home Phone - Type the customer's home phone number
Amount - Type the amount listed on the check
Money Code - Type the money code given to you by the customer (This is usally the date)
Check Number - Type the check number located on the check
Account - Type the account given to you from the customer
(2) Touch the "OK" button.
If authorization is successful, a receipt will print out with the dollar amount and authorization code. Print the authorization code provided into the authorization code box on the paper check.
The customer can now take the authorized dollar amount as a cash advance, purchase fuel, or both.
Save the paper check for deposit