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Remote deposit: The perfect technology to end tedious bank deposit chores

Deposit checks from your desk

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Although the growing use of debit cards, credit cards and electronic ACH transfers has helped streamline operations, there’s still a need to deal with traditional paper checks.

In fact, processing a check may be one of the most expensive ways to accept a payment. And for many businesses, preparing check deposits and planning trips to the bank takes valuable time that could be spent on more productive tasks.

But with remote deposit, you can deposit checks right from your office -- anytime day or night. There’s no need to plan trips to the bank, wait in line or manually prepare deposit slips.

Convenient check scanning, more efficiency to lower processing costs

With a convenient remote deposit check scanner, depositing a check remotely takes just a few seconds. The process is safe and secure, and with a choice of Web-based or desktop software, there’s no steep learning curve for you or your staff.

Adding remote deposit to your workflow offers several key benefits:

* Extended deposit window: Deposits can be made anytime day or night, even on weekends, so payments can clear more quickly and enhance cash flow.

* Reduced preparation costs: With remote deposit, there’s no need to prepare deposit slips. Yet you’ll always have a complete record of each deposit and an image of each item that can save many hours of research time and eliminate storage costs.

* Streamlined operations: Larger companies can consolidate regional or nationwide deposits to one or more accounts, with no need to physically transport checks -- substantially reducing deposit and collection costs.

Intuitive software streamlines operations, enhances security

Using either the Web-based or PC-based platform, it’s easy to deposit checks right from your office, while also enhancing security and recording other critical information at the same time.

The software automatically reviews checks, highlighting items that may need further verification. With just a few clicks, it’s easy to zoom in on any area of the check -- front or back -- to spot any discrepancies before the check is deposited.

Plus, for each check, you can record additional details, such as account name, invoice number, payment terms and other details -- and easily export this information into your accounts receivable system.

More freedom, more convenience, from California Bank & Trust

As the largest community bank headquartered in San Diego, California Bank & Trust specializes in business banking and was one of the first institutions to offer remote deposit technology to area businesses.

To learn more, call 800-355-0514 or visit calbanktrust.com, where you can view a remote deposit demo video and learn more about our smart financial solutions for area businesses. Member FDIC.

Submitted by California Bank & Trust

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