Remote Deposit
Rushing to make your deposits is a thing of the past -- embrace the future with our Remote Deposit Service.
Now you can deposit funds electronically from your office with our secure software and check scanner. Don't lose valuable time running your checks to the bank every day when you should be concentrating on running your business.
These electronic items can then be delivered to other financial institutions via an approved file format.
Simplify your routine. Forgo the daily time, risk and expense of sending an employee off-site or paying for courier pick-up.
- Summary
- Easy to use
- Totally secure
- Improve cash flow
- Save time
- Reduce cost
- Get faster access to funds
- Fewer NSFs
- More Information
How does Remote Deposit work?
Depositing your checks remotely is largely made possible by new "Check 21" legislation recently signed into the 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.
Is it right for me?
Do any of the following apply to your business?
- You receive check payments and deposit them frequently
- You receive relatively little cash and coin payments
- Your business is not close to a Citizens Bank Minnesota branch
- You have another business, store or division that is not close to a branch
If you answered "yes" to any of these, then we would like to talk to you about Remote Deposit.
Sample Monthly Cost Analysis
- Employee time: $120*
- Mileage: $ 35**
- TOTAL $155
With Remote Deposit, you can significantly reduce these costs.
* $6 for employee time x 20 deposits per month
** $.35 / mile x 5 miles/deposit x 20 deposits/month
