Remote Deposit Capture

Remote Deposit Capture allows you to make check deposits anytime – without going to the bank. You simply scan checks at your office and electronically transmit the images and MICR information over a secure Internet connection to Cambridge Trust for processing. It's that easy.

Benefits for your business:

To help you improve fund availability and reduce operational costs, Cambridge Trust's Remote Deposit Capture Service:

Saves time and money

  • Makes deposits right from your office, eliminating trips to the bank
  • Streamlines your banking relationships by electronically depositing to Cambridge Trust regardless of your U.S. location
  • Keeps software up to date automatically via the secure Internet-based platform

Improves cash flow

  • Accelerates check processing and deposit availability
  • Ensures same-day ledger credit for checks deposited remotely up to 5:00 p.m. Monday through Friday

Lowers processing fees

  • Captures checks at individual locations and transmits electronically to Cambridge Trust, eliminating the need for multiple banking relationships
  • Lowers overall account transaction and maintenance fees by reducing handling, transportation, and encoding fees
  • Allows you to confirm deposit amounts prior to transmission, ensuring accuracy and reducing the need for adjustments

Assists in reconciliation, research, and reporting

  • Improves receivables management with deposit preparation done electronically
  • Lets you view and print an online archive of check images to research deposit information for reconciliation and reporting needs
  • Accelerates check clearing and reduces the risk of fraud

For more information or to schedule an appointment, contact Patricia Mullin, vice president, cash management manager at 617-441-1408, contact your branch, or email us.

 

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