On-Site Deposit in its most simple terms, is
a service which allows a user to scan checks and transmit the
scanned images to the bank for posting and clearing from the
convenience of their own office. The service, which requires
very little in the way of setup or extra equipment, allows
checks to be deposited and cleared electronically, without ever
physically needing to be delivered to the bank.
Legislation commonly referred to as
“Check 21” makes this entire process possible. It allows
banks to clear checks based upon images of the original items,
instead of having to transport the original check all the way
back to the paying bank for clearing.
The benefits of On-Site Deposit can be
substantial. They include:
Reduced transportation risk & cost
Increased processing efficiencies
The ability to consolidate banking
The ability to deposit at your
To view a video demonstration of this
service click on the link below.