What is Remote Deposit?
Remote Deposit is your ability to capture the images and transaction information of checks accepted for payment. Your business then sends this information electronically to us in a format such that the checks can be processed as if the original items had been physically received and captured. These electronic items can then be delivered to other financial institutions via an approved file format.

How can Remote Deposit benefit your business?
You will no longer have to rush to the bank for daily deposits. With convenient Remote Deposit Service, checks are deposited right from your desktop. No hassle, no waiting, no more playing “beat the clock.”

What does this mean for you?
Your valuable time is not spent traveling to and from the bank, allowing you to focus on your growing business. Simplify your routine. Forgo the daily time, risk and expense of sending an employee off-site or paying for courier pick-up.

Why are you waiting?
Let us show you how!

“It is easy to use, and fewer round-trips to the bank, saving time and money.”

Jackie, Accountant
Feder Mechanical
Madelia, MN 56062

Call us today for more information and details on how we can serve you and your business.

POTENTIAL BENEFITS OF REMOTE DEPOSIT

CONVENIENCE
No more daily trips to the branch. Deposit checks right from your desktop.

REDUCED EXPENSES
Saves time and money. Eliminates the cost and liability of regular trips to the branch. Fewer NSF’s.

FASTER CLEARING
Speeds up the availability of funds. Improves cash flow.

STREAMLINED OPERATIONS
Automates the process of creating deposit tickets. Improves posting accuracy. Centralizes deposits from satellite offices with one financial institution.

PEACE OF MIND
Reduces the risk of fraud. Assures deposits are being made daily.

You accept check payments from your customers. Using Remote Deposit, you can scan and submit those checks securely over the Internet to us. We pick up your remote deposits and process the checks accordingly. It’s that simple!

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 YOU?

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. Call us to find out how much money you can save!

*$6 for employee time x 20 deposits per month
**$.35 / mile x 5 miles/deposit x 20 deposits/month