REMOTE DEPOSIT SCANNER Clause Samples

REMOTE DEPOSIT SCANNER. The bank shall supply an electronic remote deposit scanner compatible with the Town’s resources. The machine should allow for the processing of multiple checks and shall include security features in compliance with banking regulations. Agreed, the Town can electronically deposit checks to your business accounts, 24 hours a day, 7 days a week, directly from your office with our secure Remote Deposit Capture (RDC) service. Just scan your checks and send the images to us electronically for deposit into your accounts. All you need is a PC, high speed internet connection and a scanner. It’s safe, simple and secure. Benefits of Remote Deposit Capture:  Convenience – Transmit checks for deposit on your schedule  Improve cash flow – Make deposits as you receive checks for faster availability  Efficient – Increase productivity and cost savings by reducing transportation time and cost  Streamlined recordkeeping – Transaction date and check images can be exported for customized reporting or uploaded to accounting software. Non Qualifying items such as re-deposited items, bonds and foreign checks, cannot be processed via RDC scanner. These items must be processed by a branch. Deposits received before 7:30 pm ET M-F will be processed on that business day for next day availability. Transactions submitted after the cutoff will be deposited on the next banking day. At BankUnited, we are here to support and work with you to develop a program that best fits your needs. BankUnited will provide a single Multi scanner at no cost to the Town.