Remote Check Deposit
ATTENTION FNBT.COM BANK BUSINESS CLIENTS:
Interested in Cost Savings? Put a Bank Teller in your business today!
Are you tired of making that daily dash to the bank to deposit your checks? With Remote Deposit, you can scan and submit your checks electronically from the convenience of your place of business. No more wondering if the traffic or bad weather will delay timely posting of deposits. No more trips to the bank. No more waiting in line. No more playing "beat the clock."
Depositing your checks remotely is largely made possible by new "Check 21" legislation recently signed into law. Check 21 gives us the opportunity to replace labor-intensive, paper-based check processes with quicker, safer, image-based handling and clearing services. The result is faster deposits, more efficient collections, and tremendous convenience for you and your business.
We are happy to meet with our business customers, answering their questions, and setting up formal presentations. Don't hesitate to call or email Joanne at 850-796-2000 x2381 or JoanneW@fnbt.com or Meghann at 850-796-2000 x2366 or MeghannQ@fnbt.com
What is Check 21?
"Check 21" is shorthand for the Checking for the 21st Century Act, a new law that took effect in October 2004. Check 21 makes a "substitute check" the legal equivalent of the original check. A "substitute check" couples images of the front and back of the original check with additional routing information. Check 21 makes it possible for a business to deposit checks remotely and electronically with its financial institution.
What is Remote Deposit?
Remote Deposit is a business customer's ability to capture the images and transaction information of check(s) accepted for payment and deliver this information electronically to a financial institution in a form such that the checks can be processed as if the original items had been physically received and captured. These electronic items can then be delivered to other financial institutions via an approved file format.
Do I need to buy additional hardware or software?
Remote Deposit is simple. There's no software to install, no computer to upgrade, and no PC to dedicate exclusively. All you need is an Internet-enabled PC with a browser and an approved check scanner.
How does Remote Deposit work?
You accept check payments from your customers. Using Remote Deposit, you scan and submit those check(s) securely over the Internet to us. We receive your remote deposits and process the checks accordingly. It's just that simple.
How can Remote Deposit benefit my business?
No longer will you have to rush to the branch for daily deposits. With convenient Remote Deposit service, checks are deposited right from your desktop. No hassle, no waiting, no more playing "beat the clock."
What does this mean for you?
Your valuable time is not spent traveling to and from the branch, allowing you to focus on growing your business. Simplify your routine. Forgo the daily time, risk, and expense of sending an employee offsite or paying for courier pick-up. What are you waiting for? Let us show you how!
Here are the top six reasons why you should go remote:
1. Convenience: No more daily trips to the branch. Deposit checks right from your desktop.
2. Expanded cutoffs: Extends deposit window.
3. Reduced expenses: Saves time and money. Eliminates the cost and liability of regular trips to the bank. Reduced deposit preparation costs.
4. Faster clearing: Speeds up the availability of funds. Improves cash flow.
5. Streamlined operations: Automates the process of creating deposit tickets. Improves posting accuracy. Centralizes deposits from satellite offices with one financial institution.6. Peace of mind: Reduces the risk of fraud. Assures deposits are being made daily.