Commercial Remote Deposit Capture


What is Commercial Remote Deposit Capture?

Commercial Remote Deposit Capture is our “in-house” Cash Management service that allows you to conveniently and efficiently make check deposits directly into your BankNewport checking, savings or money market accounts without having to leave your office.

What is the process and how does it work?

We work together to determine an expected amount of deposits that will be the estimated check volume that will be scanned utilizing the Commercial Remote Deposit Capture service.  Based on our analysis, you decide whether a “single-feed” or a “multi-feed” check scanner would satisfy your business needs. We will coordinate the direct shipping of the selected equipment and provide further information regarding your installation of the equipment and the training to use the service.

What are the benefits to you?

  • Eliminates unnecessary trips and courier runs to the bank
  • Provides next day funds availability when deposits are made prior to 4 p.m. Eastern Time
  • Eliminates the need to complete deposit slips and adding machine tapes
  • Reduces errors
  • Eliminates the need to sign or stamp checks (a digital endorsement is placed on each check)
  • Access to digital check images for 60 days
  • No more trips to the night drop
  • Provides location identifiers when used at multiple locations
  • Provides secure housing of 3rd party check payment information
  • Detailed daily reporting that is compatible with QuickbooksTM or uploaded via Excel to most operating systems
  • Not a subscription service
  • Customizable pricing solutions available for your needs and volume

Interested in learning more about our Commercial Remote Deposit Capture services or want to get started now? Contact our Cash Management Team today.