Remote Deposit
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Remote deposit provides businesses a way to deposit checks electronically from their location by using a scanner. They accept check payments from their customers, scan and submit those checks securely over the Internet to us. We pick up their remote deposits and process the checks accordingly. It's just that simple!
Check 21: Depositing checks remotely is largely made possible by recent "Check 21" legislation. Check 21 gives us the opportunity to replace labor-intensive, paper-based check processes with quicker, safer, image-based handling and clearing services. The result will be faster deposits, more efficient collections, and tremendous convenience for your business.
Potential Benefits:
- Convenience- No more daily trips to the branch. Businesses can deposit checks right from their desktop.
- Reduced expenses- Saves time and money. Eliminates the cost and liability of regular trips to the branch.
- Improves cash flow- Speeds up the availability of funds.
- Streamlined operations- Automates the process of creating 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.
Sample Monthly Cost Analysis
| Employee time: | $120 ($6 for employee time x 20 deposits per month) |
| Mileage: | $35 ($.35/ mile x 5 miles/deposit x 20 deposits/month) |
| TOTAL: | $155 |
With Remote Deposit, businesses can significantly reduce these costs. Call to find out how!
Contact Information:
Cash Management Sales Officer
Ph: 706-965-3000
Fax: 706-965-4266
