Remote Deposit Capture (RDC) is one of the newest innovations to assist you with your Business Banking. Imagine the convenience of depositing your checks from your office directly into your RepublicBankAz account.
With RDC; you determine when deposits are sent to the bank. Our service is open to 5 pm (Arizona Time) every day we are open. No longer will you need to hold deposits because you can’t find the time to run to the Bank.
Many businesses prepare deposits by copying the checks, writing out deposit slips, and sending someone to the bank. Our service scans your checks without the need for deposit slips or endorsement stamps and is capable of storing images on the system for 12 months, which eliminates the need to keep copies.
The cost of our service is only a modest monthly fee. There are no long term contracts, leases or requirements to purchase the scanner. If for any reason you determine RDC service is not right for you, simply return the scanner in good working condition and we will discontinue the service. Considering the costs of transportation and employee time, RDC offers an economical solution for your check deposits.
Popular questions about RDC:
How does it work?
In three simple steps:
scan checks into the web-based application
verify deposit amounts for accuracy
transmit the check images for deposit
What is RDC and how did it come about?
RDC is a remote scanning device that allows you to scan your checks, transmit the images to the bank, and have the funds deposited to your business account. The impetus behind this technology was the Check 21 legislation, which allowed for banks to accept images of checks as substitutes (called image replacement documents or IRDs) for original checks.
What types of checks areable to be scanned?
Any check in US Dollars and drawn on a US bank account. Personal and business checks are allowed, as well as money orders, traveler’s checks and cashiers checks.
Is the system secure?
Yes. Our system is web-based, with 128-bit encryption and secure hosting, meaning that your transmissions are guarded and the deposits are protected.
Will RDC speed up my collection time (i.e. decrease deposit float)?
Check 21 allowed for banks to accept IRDs as the legal equivalent of checks. However, most banks are still clearing checks via paper, and thus deposit float has not been impacted greatly as of yet. As the adoption of new technology increases, banks will be able to reduce the use of paper and share images electronically, which will decrease clearing time in the near future.
How easy is the system to use?
RDC is a simple and easy-to-use way to make your check deposits. Our scanners are scalable to your level of deposit volume and the software is web-based, so installation and scanning is straightforward.
Can I use RDC for multiple locations?
Absolutely. It can be used across the street or across the country and from several locations into one or multiple accounts.
What do I do with the original checks?
We recommend that you store the checks in a secure location for a period of at least 30 days, which allows you to refer to the original check if there are any issues with image quality or returned checks. After that time, dispose of the checks in a secure manner.
Can I input customized remittance information?
Yes, the system allows for user input so that you can have multiple fields (i.e. invoice number, reference information, etc) associated with your deposits. Reports can be generated for printing or downloading to your computer.
How do I get started?
Contact us at (602) 277-2500
Requirements for RDC:
PC with a USB 2.0 port (system is not compatible with Macs)