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Home : Products and Services : Treasury Services : Treasury Management : Managing Receivables : Remote Deposit

Remote Deposit

Scan and deposit checks from any location

When a client pays you by paper check, you need to put that payment to work as quickly as possible. Remote Deposit from BMO Capital Markets gives you the ability to scan and deposit checks from any location, speeding up your payments processes and reducing float delays.

Simply insert incoming checks into the scanner. The software will capture an image, automatically read the remitter's bank information and indicate any information needed to complete the deposit. The image file automatically goes to the bank for deposit and clearing. When the deposit is complete, you'll have easy access to the status of the deposit as well as data that you can download to your local network.

We offer a choice of set-ups, including a Web interface option that keeps all images and data on our server and requires no software on your PC. The Web version features easy implementation and requires no software updates. Our desktop option uses software on the scanning PC to provide an image and data file on your desktop.


Benefits:
Convenience - on-site scanning capabilities virtually eliminates travel to local branches for deposits
Accuracy - cuts data entry errors and many of the manual tasks that slow down your payments
Security - reduces the risk of fraud by minimizing manual check handling, using HTTP 128-bit (SSL) encryption, and enabling you to set user limits and passwords
Speed - eliminates the need to mail checks to the bank and reduces touch points before deposit
Informed decision-making - notifies you of exception items sooner and provides immediate data on your cash position

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Canada: (416) 867-4084

U.S.: (312) 461-2242

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