Remote Deposit Capture



Onsite FirstConnect Remote Deposit

Banking just got easier! Our business customers can make daily deposits more conveniently with Onsite FirstConnect Remote Deposit by using a simple desk-top scanner and its patent-pending web-based technology; you can scan, submit, and deposit all your checks electronically from the convenience of your office.

 

Learn about Remote Deposit Capture

Watch a video clip on how Remote Deposit Capture works.

 

Frequently Asked Questions

What is Remote Deposit Capture?

What is Check 21? 

How does it work?

What are the benefits of Remote Deposit?
How can my company benefit?
What system is required?

 

What is Remote Deposit Capture?

Remote Deposit Capture is a new technology which allows business customers to deposit checks electronically from their offices using a compact check scanning machine.  Depositing your checks remotely is largely made possible by new "Check 21" legislation recently signed into law.  Check 21 gives us the opportunity to replace labor-intensive, paper-based check processes with quicker, safer, image-based handling and clearing services.  The result will be faster deposits, more efficient collections, and tremendous convenience for you and your business. 

 

 

Back to the top

 

 

What is Check 21?

"Check 21" is shorthand for the Checking for the 21st Century Act, a new law that took effect in October 2004.  Check 21 makes a "substitute check" the legal equivalent of the original check.  A "substitute check" couples images of the front and back of the original check with additional routing information.  Check 21 makes it possible for a business to deposit checks remotely and electronically with its financial institution. 

Learn more about Check 21

 

Back to the top

 

 

How does it work?

You accept check payments from your customers.  Using Remote Deposit, you scan and submit those checks securely over the Internet to us.  We pick up your remote deposits and process the checks accordingly.  It's just that simple.

 

 

Back to the top

 

 

Benefits of Remote Deposit:

Efficient deposit process

  • No trips to the bank
  • Reduced time spent on deposit preparation and presentment to SuffolkFirst Bank
  • Later deadlines for same-day deposits
  • Reduction in transaction errors and transaction time
  • Improved end OD month/quarter processing
  • Reduce return item (NSF) risk
  • Access scanned check records easily

 

Increased funds availability

  • Accelerated clearings
  • Reduced Day Sales Outstanding (DSO); quickly turn sales and receivables into cash
  • Quicker investment of available funds

 

Reduced costs

  • Eliminate courier costs
  • Reduce transportation costs
  • Consolidate deposits into one account.  Reduce multiple bank relationships,
  • Greater employee productivity

 

Back to the top

 

 

How your company benefits

Maximize your use of funds:  Remote Deposit Express enables you to consolidated deposits received at multiple locations into a single account. 

 

Extend your workday:  No more frantic trips through traffic jammed streets to the bank to make the 2:00 p.m. same-day deposit window!

 

Save money:  Remote Deposit Express saves you the time associated with making deposits, driving to the bank, and standing in line --it even helps you balance deposits.

 

Efficiency:  Now your staff can dedicate themselves to advancing your business rather than making the daily bank deposit.

 

Security:  Remote Deposit Capture features multi-factor authentication, multiple security levels and controls and encryption. 

 

Back to the top

 

 

System Requirements

  • Microsoft®  Windows® 98, 2000, XP, or Vista; or Windows NT®  4.5 (or later version of Windows NT)
  • Microsoft Internet Explorer®  6
  • Pentium processor with 32 MB of RAM minimum (Pentium III with 128 MB recommended)
  • Super VGA (800 x 600) or higher-resolution monitor
  • Internet connection (DSL, cable, or other "always-on" connection)

 

Back to the top