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Deposit on Demand
Deposit-On-Demand, also known as remote deposit capture, converts your business’s paper checks to images for deposit. Using a scanner and software, you can reduce the time it takes to create a business deposit and eliminate the need to drive to the Bank to make your deposit.
How does Deposit-On-Demand Work?
- Using your scanner, paper checks are converted to images and then electronically transmitted to the Bank
- Your business can access images of checks deposited at your computer for up to 18 months after contracting with the service
- Deposit faster with creation with character amount and legal amount recognition which reduces handkeying
Benefits of Deposit-On-Demand/Remote Deposit Capture
- Make deposits without going to the Bank
- Get more money into your account with a later cut-off time, extended to pm (CST)
- Save money on service charges associated with deposited items
Would Deposit-On-Demand make sense for my business?
Deposit-on-Demand or Remote Deposit capture is a great fit if your business:
- Doesn’t handle a lot of cash
- Is geographically challenged (Not located near our Bank locations)
- Has few personnel available to take deposits to the Bank
- Receives checks throughout the day and would like to make multiple deposits without making multiple trips to the Bank
- Has higher receivable volume and want to take advantage of today’s technology and add efficiency to the deposit process
To get started, contact a Treasury Management Specialist or Commercial Banker. Discover the Merchants Bank difference.
Additional Resources:
Learn more about our other Treasury Management tools for collection, which help you collect and manage payments from your customers or vendors.
* Subject to approval
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