Wouldn’t it be great if you could make deposits to your business accounts without ever leaving your desk? How about getting back the time that you spend traveling to and from your bank? Now you can enjoy these benefits and more ~ with Remote Deposit Capture.
Thanks to Check 21 ( Check Clearings for the 21st Century Act) banks are now able to use electronic images of checks called “Image Replacement Documents ~ IRD’s”.
This has enabled Gold Canyon Bank to offer a great new product.
| It’s Simple |
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Remote Deposit Capture operates on a single PC Scanner. |
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| It May Extend Your Hours |
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When you use Remote Deposit Capture, deposits can be submitted later in the day. Even checks arriving in the afternoon mail can often be deposited the same day they are received. |
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| It May Offer a Better Use of Funds |
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With Remote Deposit Capture the ability to deposit checks more quickly may translate into improved account balance availability of your funds. |
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| It May Help Reduce Your Costs |
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When using Remote Deposit Capture you no longer need to provide the bank with physical checks or deposit slips, saving money on fuel costs and trips to the bank or courier service costs. |
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Frequently Asked Questions
What is Check 21?
Check 21 allows banks to replace original checks with “substitute checks” that are made from digital copies of the original checks. Check 21 went into effect October 28, 2004. Substitute checks are also called IRDS – Image Replacement Documents.
What is Remote Capture?
Remote Deposit Capture allows business customers to save both time and money when accepting checks as payment. You’ll capture the check, create a deposit and electronically send the check images and deposit total to the bank as if the items had been physically delivered to the bank.
Is this product for me?
Any company accepting and depositing checks is a candidate for Remote Deposit Capture. By using this product, you’ll save on existing courier costs and loss of staff time and their productivity associated with daily trips to the bank.
How Does Remote Deposit Work?
We’ll walk you through the entire process. We’ll help you to install the Remote Capture Scanner or software onto your PC. Once the process is complete, you simply log onto Remote Deposit, select the account that you wish to make deposits into, enter your deposit total and begin scanning your checks. When this process is completed, the batch is automatically transmitted to the bank for deposit. In addition to convenience, you’ll find a variety of reports for viewing and printing for your record keeping as well as research needs.
Is my computer compatible?
The minimum PC specifications for Remote Deposit are a Pentium 4 1.4 GHz Processor or faster, 10 GB of free hard drive space, Windows 200 SP4 or Windows XP SP2, USB 2.0 port, high speed internet connection, Internet Explorer 6.0.
What is the deposit deadline?
Deposits may be submitted until 6:00 p.m. Mountain Time.
Does Remote Deposit increase the availability of funds?
Remote Capture delivers deposited checks more quickly into your bank account with us and can translate into improved account balances and better availability of your funds.
Am I able to make deposits from my various locations?
Yes, deposits can be made from multiple locations or offices as long as you are using Gold Canyon Bank Remote Deposit Capture product to deposit US checks. This allows you to consolidate all of your business transactions into one or several accounts with us. You may also centralize this function by installing only one scanner and merely selecting the desired depository account.
To discuss Remote Deposit Capture please contact any of our offices.
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