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Cash Management Services |
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Remote Deposit |
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What
are Remote Deposit Services?
Remote Deposit Service is a system that allows a
customer to scan checks remotely and transmit the
check images to a bank for deposit, usually via
an encrypted Internet connection. When the bank
receives a check image from the customer, it posts
the deposit to the customer's account and makes
the funds available based upon the customer's particular
availability schedule. Center Bank offers Remote
Deposit Service to business customers only.
Benefits of Remote Deposit
Center Bank's Remote Deposit provides a convenient
service that enables you to be more efficient with
your time. With Remote Deposit, you may deposit
checks without leaving the comfort of your office.
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Improved cash flow |
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Ability to deposit checks at your convenience
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Access to check images and reports via computer
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Immediate updates on deposits via Internet
banking |
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Save time and expense by eliminating multiple
trips to the bank. |
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Reduce paperwork with secure, online storage
of check images and transaction history |
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up to 2 years |
How it works
The basic requirements for a Remote Deposit Capture
service currently include a PC, an internet connection
and a check scanner. Checks you receive at your
corporate can be scanned to create a digital deposit.
This digital deposit is then transmitted to Center
Bank and then Center Bank accepts the deposit, posts
the deposit to your account and assigns availability
based upon your availability schedule.
Here is an example from a corporate perspective:
| 1. |
Your company receives payments by check
in the mail or at their office. |
| 2. |
With Remote Deposit Capture, instead of
physically going to the bank to deposit |
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the checks, you can now scan the deposit
ticket and checks using a Remote Deposit scanner
provided by Center Bank. |
| 3. |
Once the check images are captured, image-based
deposit is prepared. |
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The Remote Deposit system can then transmit
the deposit to Center bank. |
| 4. |
Center Bank receives image deposit, posts
to your Corp's account and assigns |
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availability based upon an agreed upon availability
schedule. |
For more information, please visit
the nearest Center Bank branch. You may also contact
Cash Management Services department directly at
1-800-788-4580. |
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