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Remote Deposit Capture

Home Business Banking Remote Deposit Capture
Online Banking

Deposit Checks from Your Office

As a business owner, you want to focus on running your business, not constantly running back and forth to the bank to make multiple deposits every day. With Select Bank ’s remote deposit capture, you can scan checks from customers and make electronic deposits from your office computer.

Features of Remote Deposit Capture

With remote deposit capture, all you need is a computer with an Internet connection, a Select Bank account to deposit funds to and a scanner to scan checks for deposit, which Select Bank provides for you. Remote deposit capture offers your business a number of advantages, including:

  • Faster Processing: Electronically depositing your funds often makes them available faster and reduces processing times.
  • Make Deposits During Normal Business Hours: You can make as many deposits as you need every day before 4 p.m.
  • Improving Efficiency: By making electronic deposits, you don’t have to run to the bank or send an employee to make a deposit at the bank, saving on courier costs and improving efficiency.
  • Reduced Risk of Fraud: Because checks are processed faster, you’re able to act faster on returned checks, improving your opportunities for collection.
  • Increased Security: Remote deposit capture offers the highest security level available through multiple layers, including password protection, an Internet firewall and 128-bit encryption.

How to Use Remote Deposit Capture

Select Bank’s remote deposit capture is designed to make depositing checks easy. You can deposit checks electronically by following these simple steps.

  • Scan the checks using the scanner provided by Select Bank.
  • View the scanned checks images on your computer. Dollar amounts are automatically read and the deposit is completed.
  • Click “SUBMIT DEPOSIT” and your deposit is sent to the bank through a secure Internet connection.
  • Funds are deposited into your account. Transactions typically take 1-2 days to clear.

Add Remote Deposit Capture to Your Business

If you’re interested in using remote deposit capture to improve efficiency at your business, please call Select Bank at 434-455-1700.

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