What is Remote Deposit?
You use our secure gateway to enter your customer’s check data. We verify the information is accurate and create a check image. Those check images are transmitted via special bank equipment directly into your account for Same Day deposit. You Get Your Money The Same Day!
Can I Capture a Signature?
You enter check data into our secure gateway. We create check images for you, then process them through a special machine.
Your full deposit is processed
directly into your bank
account the Same Day.
How is this Different from ACH?
ACH processing is 2-3 day funding.
That means you run your checks on Monday and you get paid your funds on Wednesday or Thursday.
With RDC you get SAME DAY funding!
That means you run your checks on Monday and you get your funds on Monday.
With ACH you have limits and in some cases a reserve. Those limits keep you from growing unless you are approved to process more.
With RDC there is no limit and there is only a small Refundable Deposit to get started.
What do I tell my banker?
When it comes to bankers we suggest keeping your business as simple as possible. Any time you get too detailed about your business they become nervous.
We prefer the "KISS" method; "Keep It Simple."
Tell your banker you need a "Deposit Scanner to deposit checks without having to drive to the bank."
Here are examples of some names banks use as well as links to information on their websites:
Bank of America:
What about Smartphone Deposit?
Depositing checks on a smartphone is not as efficient and comes with daily and monthly limits. If you are told about this service say Thank You, but No Thank You. You need a Desktop Scanner for Remote Deposit.