My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Direct Deposit

Banking by digital image.
Magazine Contributor
1 min read

This story appears in the March 2007 issue of Entrepreneur. Subscribe »

Now, instead of making a deposit at the bank, you can scan checks into your computer. Legislation in 2003 said digital check images carry legal weight, and some large businesses have used remote deposit since the Check 21 law went into effect. A growing number of banks are now providing small-business customers with scanners for this purpose.

"All business owners need is a computer, bank-provided software and a scanner, " says Karen Larrimer, executive vice president of business banking at PNC. "With the click of a button, the deposit is transferred." QuickBooks accounting software lets you automatically update accounts receivable.

PNC's costs for the service were still being finalized at press time.

Jennifer Pellet is a freelance writer specializing in business and finance.

More from Entrepreneur

Jon Horowitz is dedicated to helping brands with grow their social footprint by aligning with influencers and creating innovative content.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur