REMOTE DEPOSIT WITH COUPON CAPTURE

Simplify your payment processing by capturing essential invoice details and electronically depositing checks and coupons right from your place of business.

This service works seamlessly with your existing lockbox or can be used independently if you prefer to manage payments in-house. Using bank-provided scanners, you can scan and deposit payments remotely, streamlining operations and reducing manual effort.

Each deposit is processed daily, and a posting file is generated to update your accounts receivable system saving you time and money.

Same-Day Processing Cut-Off Times:

• With Lockbox: Payments scanned before 1:00 PM EST on a banking day are processed and deposited the same day.
• Without Lockbox: Payments scanned before 6:00 PM EST are also processed and deposited the same day.

Payments scanned after the respective cut-off times will be processed and deposited on the next business day.

If you’re using a lockbox, scanned items are merged into the same posting file as your physical lockbox payments so you only need to upload one file per day.

*Subject to additional terms and conditions and/or credit approval as applicable and/or fees.