Check 21 allows you to make all your paper check deposits without ever leaving your office.
Check 21, passed into law on October 28th, 2003, allows businesses and financial institutions to convert paper checks into electronic images.
Our Check 21 service, gives you the convenience of converting paper checks to electronic (replacement) images. What does that mean?
It means taking the paper checks received in your business as payment for your products or services, scanning those checks and from scanning, converting & uploading those paper checks to electronic images via a secure web session.
Check 21 Advantages
- Eliminate daily trips to the bank to make check deposits.
- Funds are Automatically Deposited into your Existing Bank Account.
- Electronic Check Deposit - Convert paper checks received "by mail" or "in person" into electronic online NEXT DAY deposit.
- Eliminate expensive courier services to transport your checks.
- Reduce labor costs associated with manually processing and depositing checks.
- Improved Cash Flow. Get access to funds within 48-72 hours.
- Automatically resubmit NSF items on the time and day you choose. Easier collection.
- Cash concentration for multi-location or multi-branch operations. Each location can scan checks remotely.
- Funds deposited to corporate account.
- Reduce check fraud by getting faster notice of returned checks.
- Advanced check scanning hardware available for any size check processing volume.
- Easy set up. No programming required.
- Comprehensive Online Reporting. Review & download real-time and historical customer data.
- Highly secure web-based system.
- Automated data files allows for easy import to your accounts receivable system.
- Storage & logistics - All check data and images are stored on secure severs and you have access to all data 24 hours a day.
