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BENEFITS
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- Convenient
- Easy to Use
- Safe and Secure
- Efficient
- Cost Saving
- Enhanced Research
- Improves Internal Efficiencies
- Improves Deposit Services
- Reduces Fraud
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HOW IT WORKS |
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- An employee of your business feeds checks into a small table-top scanner which is connected to a personal computer with internet access and First United Bank’s proprietary E-Deposit software.
- The scanner captures a front-side and back-side digital image of the check and the MICR line information.
- The employee keys in the amount of the checks or verifies that the amount is correct.
- The employee selects the account in which the deposit is to be credited and verifies the amount of the total deposit.
- The employee sends/transmits the imaged deposit to the bank electronically.
- The bank processes the items just like they would if they had the physical items in hand.
- The check clears the check writer’s bank account.
- The business’s bank account at First United Bank is credited with the deposit.
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FEATURES |
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- Virtual Deposit Scanning.
- Accurate Data Completion and Balancing.
- Sophisticated Reports, Research and Data Management.
- Creation of Transaction Log with Associated Images and Data.
- Customizable Software and Scanner Setup, Administration and Security.
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