Reserve Account Terms & Conditions Changes

Reserve Account is the Pitney Bowes Bank Deposit Account.  It is an FDIC-insured, interest-bearing, regulated deposit bank account for all your mailing, shipping and postage expenses, similar to a savings account. It is not a credit account.

Fees & Charges – implementation of fees when a customer’s account drops to a negative balance and for returned transactions due to non-sufficient funds as well as to maintain accounts that fall below the minimum balance or become inactive. There may be a charge for incoming wire deposits.

Funds Availability – implementation of a 2 business day hold on deposits to ensure funds are received. If your Reserve account has had a negative balance history in the last 6 months or if we believe a deposited check or ACH credit/debit may be returned due to your transaction history, we may delay funds availability up to 5 business days, to ensure the deposited funds clear and are received.

The cost of maintaining and processing postage deposits for our customers via the Pitney Bowes Bank Reserve Account (Deposit Account) continues to increase, including the cost to cover negative balances, transactions that are declined or returned due to non-sufficient funds, and inactive accounts. We encourage our customers to proactively manage their account to remain in good standing, maintain a daily available balance of at least $500, deposit funds well in advance of need, and to actively use their account over a 12-month period.

Customers that proactively manage their account to remain in good standing, maintain the daily available balance, deposit funds well in advance of need, and actively use their account will not be charged these fees. Fees are only incurred when:

• You do not maintain a daily available balance of at least $500
• Transactions are declined or returned
• Your account becomes inactive due to lack of use over a 12-month period
  

We will not assess a fee if it will put your Reserve Account into a negative balance. A Reserve Account at zero balance will not be assessed fees.

The fastest way to deposit funds to your Reserve Account is via electronic funds transfer (EFT) typically an ACH or Wire, which can take 2-4 business days to be sent from the originating bank and be cleared and received by Pitney Bowes Bank. When customers deposit funds into their Reserve Account, it takes time for the transaction to be processed, cleared, and received. If Pitney Bowes Bank allows customers to use funds prior to them being fully processed, cleared and received, we would effectively be extending a loan at no cost. 

Because the Reserve Account is a deposit account and not a credit product, we must ensure funds have been processed, cleared, and received prior to releasing them for your use. Learn how to make an ACH or Wire deposit to your Reserve Account or Learn how to Schedule Deposits

Funds Availability – implementation of a 2 business day hold on deposits to ensure funds are received. If your Reserve account has had a negative balance history in the last 6 months or if we believe a deposited check or ACH credit/debit may be returned due to your transaction history, we may delay funds availability up to 5 business days, to ensure the deposited funds clear and are received.

View Reserve Account Terms & Conditions

11. ACCOUNT CHARGES.

• RETURNED ITEM FEE. If a check that you deposited with the Bank, or an ACH direct debit you authorized, is returned unpaid by the financial institution on which it is drawn, the amount of the returned check or ACH debit , as applicable, will be charged against your Account. The Bank will charge a fee of $50 per returned item for all deposited items returned unpaid.
• INACTIVITY FEE. If your Account has had no transaction activity for twelve (12) months from the later of the date of your last transaction or date of the last annual account maintenance fee charge. as applicable, you agree to pay an annual account maintenance fee of up to $180.
• ACCOUNT SERVICE FEE. To service and provide your Account, we impose a fee of $5 per Statement Period. If at the end of each day in a Statement Period your Available Balance is equal to or exceeds $500, we will waive this account service fee for the applicable Statement Period.

FUNDS AVAILABILITY SCHEDULE FOR YOUR ACCOUNT. Subject to the
transaction limitations and the Bank’s right to require notice as discussed in Section 3 above, the Bank’s policy is to generally make funds from your deposits available to you within two (2) business days after the date on which we receive your deposit. We may delay the availability of deposited funds up to five (5) business days after the date upon which we receive your deposit under the following circumstances:

• We believe a deposited check of ACH credit or debit will not be paid;
• Your Account has had a negative Available Balance at any time in the last six (6) Statement Periods;
• We experience an emergency, such as a failure of communications or computer equipment preventing us from depositing your funds.

Once funds are available, you may use the funds to pay for the postage meter or account refills through the Pitney Bowes Inc. Pitney Bowes Postage service, to pay for permit mail postage through the United States Postal Service EPS service and to pay for the Presort Charges, Transportation Charges, Miscellaneous Charges and other related fees and charges.

The Pitney Bowes Bank Reserve Account (Deposit Account) eliminates the risk of service interruptions by providing an FDIC-insured, interest-bearing, flexible cash supply for all your mailing, shipping, and postage expenses. Consolidating your expenses into one account simplifies your cash management and provides one, streamlined view of your activity through robust reporting. You’ll be able to maximize your AP efficiencies, expedite transactions, and easily identify opportunities for optimization.

We will not assess a fee if it will put your Reserve Account into a negative balance. A Reserve Account at zero balance will not be assessed fees. Simply reduce your Reserve Account balance to $0 by using the funds to pay for your postage, mailing, and shipping expenses as you normally do, or Learn How to Request a Refund.

1. USPS Trust Account - deposit funds into the USPS Trust Account to purchase postage as you need it. Learn how to pay for postage with your USPS Trust Account

2. Line of Credit (Purchase Power) - Send Now, Pay Later with your existing Purchase Power Account
a. Extend your days to pay for an average of 42 days from your postage purchase date
b. Lengthen your DPO cycle to keep your cash on-hand
c. Similar to a credit card - Pay your monthly bill on time and in-full to avoid late fees and finance charges (interest)
d. Consolidate your postage, mailing, and shipping purchases into a single Line of Credit
e. Learn more about our Line of Credit (Purchase Power) or how to Request a Credit Limit Increase

3. Deposit Account (Reserve Account) - Pay as You Go
a. Deposit funds into an FDIC-insured account to reserve for postage, mailing, and shipping expenses
b. Purchase postage when you need it
c. Learn more about our Deposit Account (Reserve)