Deposit Checks From Your Office
Many business owners make multiple trips to the bank every day to make deposits for their business. With American Community Bank’s Xpress Deposit remote deposit services, you can scan checks and make deposits directly from your office. This not only saves you time, allowing you to stay focused on your business, but can also allow you to collect and process the checks more quickly to improve cash flow. Our business banking team will set up the desktop scanner and make sure you are trained on how to make deposits using the Xpress Deposit program. Please contact our team to learn more.
How Xpress Deposit Works
Scanning and making a remote deposit on check payments is as easy as following these three steps:
- Scan - Use the supplied scanner to capture the front and back of each check, including the MICR information and dollar amounts.
- Balance - Checks are totaled, balanced and a virtual electronic deposit ticket is prepared for your approval.
- Transmit - All check images are sent electronically, over a secure connection, to American Community Bank and deposited into your account.
Xpress Deposit Benefits
Using American Community Bank’s Xpress Deposit system gives your business access to a wide range of benefits, including:
- Flexibility – Make deposits from any location with your desktop scanner when it’s most convenient for you. You can also make multiple deposits each day.
- Reduced Costs – By consolidating your bank relationships, you’ll save money on fees. Additionally, you’ll save on courier costs and employees making runs to the bank.
- Improved Cash Flow – Remote deposits are posted to your accounts faster, meaning you get paid faster and can use those funds for your business.
- Reduced Fraud – With remote deposit services, your check processing is faster. This allows you to identify potential fraud cases faster to protect your business.
- Convenience – Xpress Deposit’s system can automatically read a majority of the text on checks to reduce the need for any manual entry.
- Easy Reporting – The system can generate reports about your performance over time.