As a small business owner, your time is one of your most valuable resources. Every trip to the bank to deposit checks can take you away from running your operations, serving your customers, or growing your business. That’s where Remote Deposit Capture (RDC) comes in — a powerful tool that lets you deposit checks without leaving your office.
What Is Remote Deposit Capture?
Remote Deposit Capture is a service that allows you to deposit checks into your business’ account using a scanner or mobile device. Instead of physically taking checks to the bank, you simply scan or photograph them and upload the images through your bank’s secure online system.
Most banks offer RDC in two forms:
- Desktop RDC: You use a check scanner connected to your computer.
- Mobile RDC: You use your smartphone or tablet to take a picture of the check using your bank’s mobile app.
Once uploaded, the bank processes the digital image and deposits the funds into your account.
Why Should Small Businesses Use Remote Deposit Capture?
1. Save Time and Money: Forget the daily or weekly trips to the bank. RDC allows you to deposit checks from your desk, saving travel time and reducing transportation costs.
2. Deposit on Your Schedule: With RDC, you’re not limited by bank hours. You can deposit checks at your convenience.
3. Improved Recordkeeping: RDC systems automatically capture check images and deposit details, making it easier to track incoming payments and maintain accurate records for your accounting or bookkeeping system.
4. Enhanced Security: RDC reduces the risk of lost or stolen checks during transit. Plus, banks use encrypted systems and secure access protocols to protect your information.
5. Check Fraud Prevention: RDC systems keep a record of every check you scan and deposit. These digital images and timestamps create a reliable trail that can help detect fraud early or support an investigation if needed.
Is Remote Deposit Capture Right for You?
Remote Deposit Capture is especially helpful for businesses that receive a moderate to high volume of checks — like service providers, contractors, medical offices, or small retailers. If your business still receives paper checks regularly, RDC can be a game-changer.
Interested in learning more about Remote Deposit Capture at Horicon Bank? Talk to our Treasury and Commercial Payments Team today!