Save Your Business Money By Depositing Checks Online

Remote deposit (also called online deposit) is a secure service that allows you to scan paper checks from your office or home and electronically send the images to your bank for deposit through a secure platform. Any business with a high volume of checks can benefit by processing deposits online. Advantages include:

Green Banking - By helping you avoid unnecessary trips back and forth to your bank’s branch offices, remote deposit is an Eco-Friendly banking service. Reducing gas costs and paperwork costs both help the environment. Remote deposit also makes it easier to work from home which can reduce the carbon footprint of a business.

Earn Interest or Earnings Credit - Many checking accounts have a feature called an “earnings credit” which helps reduce fees by maintaining larger balances in your checking account. Other checking accounts pay interest on available balances. Either way remote deposit gets your funds into the bank and helping your bottom line quicker.

Convenience - The ability to bank around the clock is a great feature of remote deposit. Sometimes there are not enough hours in the day for the seemingly mundane task of getting to the bank to make your daily deposits, so the ability to bank 24/7 is attractive.

Before you run into your bosses office telling him about this great service, determine the service charges your bank will charge. If the service fees seem too high….shop around with different banks. Remember, by using remote deposit for a checking account deposits, the location of your bank is less important than if you had to constantly drive to the local branch to make your deposits.