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Business Banking
Remote Deposit
"Remote Deposit from Biltmore Bank is great. It's been so easy to use
and really helped
manage the cash flow of our business. We get a
lot of checks through out the day, and with
Remote Deposit we can deposit the money as soon
as it comes in rather than waiting for a
courier or for one our employees to run to the
bank."
– Sally Stultz, President Pioneer Distributing
Ease of Use
Easy to install and easy to use. We'll come out and install the system
in just a few clicks of the
mouse and then you can start making deposits when it's
convenient for you.
Quality Equipment and
Quality Service
Our top of the line scanners reduce the number of rejected items, so
you'll spend less time
trying to correct problems. If you do have a question
or concern, you'll talk to our local staff that
knows your business and helped install your system.
Simplified Pricing
We keep it simple by offering a flat monthly fee and reduced deposit
item charges. Unlike other
banks, we don't nickel and dime you on every
possible feature; file transmission, returned
items, etc.
What is Remote Deposit?
TOP
It’s the newest way to manage your cash flow and control costs. In three
easy steps, you can
securely make all your deposits from the convenience of
your office.
1. Scan your checks and balance your deposits.
2. Send your electronic images to The Biltmore Bank.
3. Check your balances to see the posted funds.
SAVE
TIME AND MONEY.
No more need for a
lockbox, rushing to the bank, or waiting to coordinate a courier
service.
MAKE
THE MOST OF YOUR RESOURCES.
With a faster receipt of funds, and a later deposit
cut-off time, you'll have access to your
working capital sooner.
CUT
PREPARATION TIME.
Eliminate the lengthy manual preparation time and
reduce your administrative expenses.
BANK
ON YOUR SCHEDULE.
Make deposits from the convenience of your office at
any time – day or night.
CONSOLIDATE.
If you have multiple business locations, you can consolidate them into
one account because all
the processing is done electronically.
How does it
work?
TOP
When Congress passed Check 21 legislation, it required all U.S. banks to
accept substitute
checks sometimes called IRDs (Image Replacement
Documents) made from digital copies of
originals. This allows you to scan a check for deposit
and send the electronic check image to
The Biltmore Bank of Arizona. We transmit the image to
the Federal Reserve, which in turn
sends the check to your customer’s bank. The Fed either
prints the check image on secure,
watermarked paper, creating an IRD, or electronically
transmits the image.
Frequently Asked Questions
TOP
WHAT TYPES OF CHECKS CAN
BE PROCESSED?
Any check in U.S. dollars, drawn on a domestic U.S. bank,
with valid U.S. Routing and Transit
numbers is accepted. This includes personal checks and
business checks.
HOW LATE CAN I MAKE A DEPOSIT AND STILL GET SAME-DAY CREDIT?
You can make
deposits until 5:30 p.m. Mountain Standard Time. Deposits made after
that will
be posted the next business day.
WHAT IS AN IRD?
An Image Replacement
Document (IRD) is a paper reproduction of the original check that is
suitable for automated processing in the same manner as the
original check.
HOW WOULD I
RECEIVE NOTIFICATION OF AN NSF?
We send the IRD to
you for review and will follow up with a phone call.
HOW LONG CAN I
STORE THE HISTORY ON MY COMPUTER?
You can choose the length of time you’d like to keep deposits
in the transmission history.
Additionally you can export these reports as needed.
WHAT DO I
DO WITH THE CHECK AFTER I MAKE THE DEPOSIT?
We recommend that
you store the original check in a secure location for at least 31 days.
CAN I TRANSFER MY DEPOSIT INFORMATION TO MY RECEIVABLES SOFTWARE?
Yes. All deposit information is stored on the hard drive of
the computer used to generate the
deposits. This information can be transferred to most
receivables software programs.
HOW DO I GET STARTED?
Talk to your Biltmore Bank representative and complete an
application.
Minimum
System Requirements
TOP
•
Pentium 4 2.0 GHz Processor (3.0 GHz
recommended)
•
512MB
RAM
•
High resolution monitor (1024x768)
•
40GB Hard Drive (at least 3GB of free
space)
•
Network Card
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Broadband Internet Access
•
USB 2.0
•
Either Windows 2000 (SP4) or Windows XP
(SP2)
•
Internet Explorer 6.0
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