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How can Remote Deposit benefit my business?
No longer will you have to rush to the branch for daily deposits. With convenient Remote Deposit service, checks are deposited right from your desktop. No hassle, no waiting, no more playing "beat the clock."
What does this mean for you?
Your valuable time is not spent traveling to and from the branch, allowing you to focus on growing your business.
Simplify your routine. Forgo the daily time, risk, and expense of sending an employee offsite or paying for courier pick-up.
What are you waiting for? Let us show you how!
Benefits of Remote Deposit
- Convenience - No more daily trips to the branch.Deposit checks right from your desktop.
- Expanded cutoffs - Extends deposit window.
- Reduced expenses - Saves time and money. Eliminates the cost and liability of regular trips to the branch. Reduces deposit preparation costs. Fewer NSFs.
- Faster clearing - Speeds up the availability of funds. Improves cash flow.
- Streamlined operations - Automates the process ofcreating deposit tickets. Improves posting accuracy. Centralizes deposits from satellite offices with one financial institution.
- Peace of mind - Reduces the risk of fraud. Assures deposits are being made daily.
What is Check 21?
The Check Clearing for the 21st Century Act (Check 21) is a new federal law designed to streamline check processing, reduce reliance on paper, and accelerate check clearing and returns. Check 21 allows checks to be scanned, transmitted, and cleared electronically rather than on paper. The process of scanning and capturing the check is called "truncation." The truncated check information may then be used to produce "substitute checks" that carry the legal equivalency of the original paper checks they replace. A substitute check bears the front and back image of the original check. While processed much the way normal checks are processed, substitute checks may be transported electronically. To this end, Check 21 introduces a bold new era of faster, simpler, safer deposits for you and your business.