Deposit Check Online
How it works:
Deposit checks while on the go With GoBank, depositing a check is as easy as snapping a few pics on your smartphone! Forget about branches, check cashers, and ATMs. No more business hours to think about. Skip the trip and the long teller lines. Avoid any check-cashing fees. For example, if you deposit a $2,500 check through Mobile Deposits on Monday and receive deposit approval before 6 pm, ET on Monday, $225 of the deposit will be available that day for cash withdrawal only. The remaining $2,275 will be available on Wednesday (2 business days after the approval).
Process all types of U.S. checks, drawn on any bank or credit union that is a Federal Reserve member, including personal checks, business checks, government checks and warrants, money orders and traveler's checks over the Internet. Using check truncation, the paper checks never leave your office and, in fact, should be destroyed after the successful deposit of funds into your bank.
The use of electronic check conversion - also known as Check 21, Accounts Receivable Check (ARC), Point of Purchase (POP), or Back Office Conversion (BOC) in banking terms - is among the fastest growing types of ACH applications due to its enormous benefits. Using our proprietary Internet-based Back office conversion 'Remote Deposit Capture' software and check scanning reader, you can scan conventional paper checks and transform them into an electronic check deposit. The software also stores the check data and check images in a database for future research and retrieval, re-submission of NSF checks and more.
Deposit Check Online Regions
You accept many checks each month from customers. Currently, you would have to look up each customer account, apply the payment to the account, stamp the check for deposit, create a deposit slip, drive to the bank, stand in a long line and make the deposit. On top of this, your bank will typically charge an 'item deposit fee' for every check you deposit. Too time consuming and too expensive!