Bank Deposits Able To Be Made From Home

CheckFree Corp, an online banking service, is introducing technology called Remote Deposit Capture where people can scan their checks through their home computer and deposit them electronically. This means that people have another choice when it comes to depositing their checks without going to a bank branch. The service will start to be available this week for people who do their banking services online as long as their banks offer the service.

This technology has been around for several years but has mostly been used by businesses. It is already in use in the top 150 banks. It is easy to use and banks can customize it for their clients.

To use this service you would need a scanner, a computer, and an Internet connection. You would go to your home banking site and enter the amount of the check. You would scan both sides of the check, do a quick review of what you scanned, and then submit the scanned image. Banks can add their own fraud protection to make sue that bad checks aren’t cashed. The processing times for the checks would be as normal as cashing any other check.