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We know that you need to work as efficiently as possible, and driving to the branch to make deposits can get expensive and time consuming. That’s why FORUM offers two Remote Deposit solutions for our business members to reduce costs and improve cash management.
A processing solution to enable business depositors the ability to deposit checks electronically using an approved mobile device. Designed for businesses with a low volume of deposited checks per month.
What type of business can use Business Mobile Deposit?
FORUM business deposit accounts in good standing opened 60 days or greater and a personal credit score of 680 or higher can request this service.
How does Business Mobile Deposit Work?
Once enrolled, the deposit feature will be enabled in the FORUM business app. Simply take a picture of the front and back of the check with your mobile device to process business checks.
When will my deposit be available in my account?
Same day cutoff is 2:00 p.m. (ET) Monday through Friday. Deposits received after the cutoff will post to the business account the next business day.
How do I enroll in Business Mobile Deposit?
Request this service from any FORUM branch location or call Member Services at 317-558-6299 or 800-382-5414.
This is a high volume solution that uses a scanner to convert paper checks into electronic images, deposit the images as electronic data, and confirm your deposit credit in your checking account the next day.
What is Business Remote Deposit?
Business Remote Deposit is a web-based service that converts paper checks into electronic transactions resulting in electronic deposits into your checking account.
What do I need to get started?
All you need is a computer with internet access and a check scanner.
How do I select the right scanner?
That depends primarily on the volume of checks you receive at your place of business. FORUM's program supports a variety of low to high capacity scanners capable of processing thousands of checks per day.
What types of checks can I process?
Any type of domestic check, money order, travelers check, or official check with an MICR line.
Do I still need to go to the branch to make deposits?
No. Deposits are made at your place of business. After scanning your checks, your deposit is electronically deposited into your Business Checking Account with same day availability when received by 2:00 p.m. ET Monday through Friday.
For additional questions, pricing, or to sign up for Business Remote Deposit, visit any FORUM Branch location or call 317-558-6299 or 800-382-5414.
If you are an existing Business Remote Deposit user, click here to login.
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