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 availability time of deposits
- Ensures same day ledger credit until 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
