Home » Business » Online Banking » Remote Deposit
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 Remote Deposit for our business members to reduce costs and improve cash management.
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 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 if received within the daily cutoff time.
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©2019 FORUM Credit Union | 11313 USA Parkway Fishers, IN 46037 | 317-558-6000
©2019 FORUM Credit Union