- Works in conjunction with an existing lockbox; or, can be used without a lockbox if you wish to continue processing payments.
- This service allows you to electronically process checks and coupons you receive at your place of business. You will use the same scanners that the Bank provides to you to make remote deposits.
- These deposit transactions are processed daily with a posting file to update your accounts receivable software saving you time and money.
- Payments scanned in conjunction with a lockbox are processed the same day, if scanned before the 2:00 pm cut-off time, and deposited that day to your bank account.
- Payments scanned without a lockbox are processed the same day, if scanned before the 6:00 pm cut-off time, and deposited that day to your bank account.
- Items scanned after the respective cut-off times will be processed the next business day and funds will be deposited on the next business day.
- If you have a lockbox, the processed items are merged into the same positing file as the physical lockbox payments if applicable. Therefore, you only have to upload one posting file daily.
REMOTE DEPOSIT with COUPON CAPTURE
Capture crucial pieces of information from your invoices.