RECENT DISCUSSIONS

Women and Estate Planning Basics
Author: Mitzi Bjork, Financial Advisor

Elder Abuse & Senior Scams: What You Need to Know
Author: Kristen Ishihara

Determining the Need for Long-Term Care Insurance (LTCI): How Much Is Enough?
Author: Jerry Martin, Financial Advisor

Women: Planning for the Financial Impact of Children
Author: Amy Proctor

Converting Savings to Retirement Income
Author: Curtis Hinshaw, Financial Advisor

Student Board of Directors Experience
Author: Bethany Simmons

Raising Money Smart Kids
Author: Tammy Gage, Community Relations Officer

Banking on the Future of Texas Communities
Author: Rogers Pope, Jr, Vice Chairman and Chief Executive Officer

Spring Cleaning for Your Personal Finances
Author: Aaron May, Advertising Coordinator

Women's History in Banking
Author: Tawny Browning

Staying Connected Through Social Media
Author: Sherry Gibbon, Vice President, Community Relations and OMNI Manager

Did you ever think that you would be able to ‘Pay’ with a watch?
Author: Sheri Parish

Wide Angle Lens
Author: Kimberly Spinks

12 Resolutions for 2016
Author: Amy Proctor

Common Factors Affecting Retirement Income
Author: Amy Proctor

Christmas is the time for...Savings
Author: Tawny Browning

How Women Are Different from Men, Financially Speaking
Author: Mitzi Bjork, Financial Advisor

Don’t Get Caught in a Cyber P.L.O.T.
Author: Sherry Gibbon, Vice President, Community Relations and OMNI Manager

Experiencing the Unexpected
Author: Karen Partee

New Chip Technology Enhances Consumer Security
Author: Crystal Hardy, Vice President and Bank Card Change Coordinator

 

How We See It

Chris Davis

Chris Davis

Posted:
March 8, 2013

So what exactly is Remote Deposit Capture?

At Texas Bank and Trust, Remote Deposit Capture (RDC) is the ability for a business to deposit checks into a bank account from a remote location, such as an office or home, without having to physically deliver the checks to the bank.

RDC is accomplished by scanning a digital image of a check or multiple checks into a computer via a scanner, then transmitting those images to the bank, a practice that became legal in the United States in 2004 when the Check Clearing for the 21st Century Act (or Check 21 Act) took effect.  Check 21 Intended in part to keep the country's financial industries operational in the event of a catastrophe that could make rapid long-distance transportation impossible, like the September 11, 2001 attacks, the Check 21 Act makes the digital image of a check legally acceptable for payment purposes, just like a traditional paper check.

Advocates of Check 21 indicate that remote deposit saves time and money because businesses that use it no longer have to send an employee or a courier to take their checks to the bank. Another potential benefit is that it cuts down on paperwork, and therefore, reduces the chances of making mistakes or losing checks in the process of depositing them.

Mobile Deposit. Are you ready for it?

In 2012, many banks began offering customers the ability to deposit checks using their smartphone. The customer typically uses the phone's camera to capture an image of the front and back of the check. The images, along with other verification information, are transmitted to the bank, where final validation and posting of funds occur. TBT customers have requested such a convenience for their personal banking.

Texas Bank and Trust has listened and now we are delivering what many have asked for… Mobile Deposit is Coming Soon

It’s convenience in the palm of your hand. Mobile Deposit will be available through your TBTgomobile app for your iPhone, iPad, Android phone or Android tablet.

Statistics show that using smartphones to deposit checks will soon be mainstream,  so, the big question is now, will you use it? Is it possible to rethink what you know about banking? We think so.

 
 
 
 

Replies

Barry Maines  |  Posted: March 11, 2013 - 3:15 pm
Our remote deposit capture system that you set up works great!
Chris Davis  |  Posted: March 12, 2013 - 11:45 am
Barry- Glad you guys are enjoying the service and we hope you continue to find great benefit from it!

Post a Comment

All comments are subject to approval. Read more.

 
 

About TBT

Who We Are Join Our Team People Who Make a Difference TBT Spirit of Giving Contact Us Site-Map

Helpful Links

AnnualCreditReport.com FDIC Consumer News FAQs

Consumer Protection

Fraud Protection Center FDIC Update Privacy / Security Disclosures
Member of FDICAn Equal Housing Lender
 
Powered by Encore Multimedia.
ABOUT SSL CERTIFICATES