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Spend more time on your business and less time making trips to the bank with remote deposit. Deposit checks electronically, right from your office, streamlining your deposit process saving you valuable time.
From healthcare to construction, many business types are saving time every day by streamlining their check deposit process. If your business accepts checks, Remote Deposit Capture could work for you.
Most checks can be deposited remotely, including personal checks, business checks, cashier’s checks, and money orders. However, items like savings bonds, foreign checks, and checks made payable to third parties are typically not eligible.
No, BankSouth does not set any limits on the number of remote deposits or the total dollar amount of remote deposits.
We recommended that you write “Electronically Deposited” and the date on the back of the check, then store it in a secure location for at least 14 days. After that retention period, you should shred the check to prevent fraud or accidental re-deposit.
To ensure your deposit is processed smoothly:
Funds deposited through Remote Deposit Capture are available the next business day. Deposits made after 6:00 PM (subject to change) may be processed the following business day, which could extend availability by an additional day. Consult your Business Development Officer for current cutoff time and funds availability.