EZ eDeposit (Remote Deposit Capture)
Is having to go to the bank everyday to make your deposits taking too much of your time? Or is it costing you to have an employee do it for you? Thanks to "Check 21" and EZ eDeposit, you can process your customers' checks from the comfort of your office or home.
Convenience - EZ eDeposit simplifies your banking. You can deposit checks electronically without having to leave the office, getting your funds deposited sooner.
Peace of Mind - With EZ eDeposit, your checks never leave your place of business; and all transactions are protected with encryption, firewalls, and passwords.
Streamlined Operations - EZ eDeposit streamlines operations by automating the process of creating deposit tickets.
Save Money and Time - You no longer have to worry about the cost and liability of sending an employee or courier to the Bank everyday.
What is "Check 21"?
"Check 21" is short for The Check Clearing for the 21st Century Act. Because of "Check 21" you can now convert a paper check to a "substitute check." That "substitute check" is an electronic copy of the front and back of the original check. The electronic copy then becomes the legal equivalent of the original check.
How do I use EZ eDeposit?
Instead of bringing your checks to the bank every day for deposit, you simply scan all of them at one time using the check scanner we provide. Then simply submit those checks securely over the Internet to State Bank & Trust. That's it; we do the rest for you.
Do I need any special hardware or software?
No. The only thing you will need is the scanner we provide and a computer that is connected to the Internet. We will work directly with you at your business to set up EZ eDeposit and train your staff how to use the system.
Do I need to store the checks?
Yes. We recommend that you hold all checks for a 60-day waiting period. At the end of those 60 days, we advise that you should then make sure they are destroyed.
What is the cost for this service?
There is a one-time, set-up cost and a basic monthly charge. Please call Adam Riedell at (515) 382-2191 or email EZeDeposit@banksbt.com to discuss the details or receive a free analysis of the benefits to your business by using EZ eDeposit with SBT.
