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Increase Efficiency with Electronic Deposits

Making deposits without making a trip to the bank has its benefits.
December 17, 2009
URL: http://www.entrepreneur.com/article/204402

For small business owners seeking ways to remain competitive during this economic climate, now may be a good time to consider using a remote deposit capture service to help increase your operating efficiencies and expedite access to cash flow.

This increasingly popular service enables small business owners to streamline their check deposit and reconciliation operations and receive faster access to funds by electronically depositing checks from the convenience of their office(s) for same-day processing.

RDC works by scanning checks individually or by feeding several checks at a time into a scanner installed at your place of business. The scanner captures check images and electronically submits those images for deposit to your bank account via a web-based connection. If the deposits meet your financial institution's electronic check deposit deadline, you may also receive same-day ledger credit for the deposits.

The benefits of RDC include:

The foregoing article is intended to provide general information about remote deposit capture and is not considered financial or tax advice from Union Bank. Please consult your financial or tax advisor.