Save time and money when you scan and send checks to your Legacy Bank account. Express Deposit will allow you to transmit check deposits from the convenience of your office without going to the bank or waiting for couriers, giving you more time to focus on your business.
An Introduction to Express Deposit
Express Deposit is ideal for your business if you...
Deposit large dollar checks
Make frequent deposits
Cannot leave the business during the day
Are not physically located near a Legacy Bank location
Have trouble meeting deposit deadlines
How can Express Deposit benefit your business?
Added convenience – saving you or your employees from driving to the bank
Improved security – lower risk of lost deposits or carrying deposit bags
Saves you money – reduction in transportation or courier costs
Saves time – you and your employees can focus on the business instead of trips to the bank
What can you do with Express Deposit?
Convert paper checks into electronic images, which have the same legal standing as the physical checks.
Deposit scanned checks online, enabling funds to move more quickly from the check originator’s account to the depositor’s account.
Scan checks received for deposit to your business account, using a check scanner available at setup.
Ensure image quality with the system’s courtesy/legal recognition software that automatically prefills dollar amounts and reduces key entry.
Verify and approve the deposit, and submit to Legacy Bank for processing at or before the daily cutoff time. Deposits are then credited to your account.
Additional Express Deposit Functionality...
Scan checks and create deposits
Edit when necessary, approve and submit deposits
Access reports detailing remote deposit activity
Optional per-check and per-deposit submission limits set by depositor’s system manager
Express Deposit involves a two-year agreement at $50 per month. A one-time $500 installation / set-up fee includes software, hardware, and a two-year maintenance plan.
If a two-year agreement is not right for your company, Legacy Bank also offers you the option of purchasing the hardware at the bank’s cost. Under this option, you are responsible for purchasing your own maintenance plan. The monthly charge for this option is $50.