Whether you operate a retail establishment, restaurant, healthcare office, mail order/telephone order business, provide business-to-business goods and services, or manage a government agency, we have the solutions to help you increase sales, increase profits through reduced costs, achieve greater control of your cash flow, minimize your collections risk, and serve your customers better.
Click the links below for more info:
Remote Deposit CaptureClick HERE to watch the video!
Remote Deposit Capture allows you the freedom to do what you do best - run your business! Eliminate the daily hassle of trips to the bank that cost you time and money.
Is Remote Deposit right for your business?
Answer 7 easy questions to find out:
1. Do you average more than 10 checks per deposit?
2. Does your business have multiple locations?
3. Do you make more than one deposit per bank visit?
4. Do you make deposits after normal banking hours?
5. Is your business located in a remote area?
6. Do you pay transportation costs to deliver deposits to the bank?
Do you receive checks with large dollar amounts?
If you answered YES to ANY of the above questions, then Remote Deposit may benefit your business. Give us a call and we'll find out for sure.
How does Remote Deposit work?
- Scan checks from any desktop. See the minimum requirements below.
- View images of the scanned checks right from your PC. The dollar amounts for the checks are automatically read and the deposit is totaled. No deposit slip needed!
- Electronically send deposit to the bank. Click “SUBMIT DEPOSIT”. The deposit is sent to the bank through a secure Internet connection.
- Funds are deposited into your account. Same day credit up until 6:00 pm any bank business day.
How can Remote Deposit benefit me?
- Make deposits anytime. Enjoy the convenience of making deposits electronically 24-hours a day, 7 days a week, even on weekends. (Same day credit up until 6:00 pm on any bank business day.)
- Save time preparing deposits. Preparing deposits electronically is very efficient, reducing labor costs and freeing up staff for other tasks.
- Cut courier fees or trips to the bank. Faster check clearing allows you to act sooner on returned checks, significantly increasing your opportunities for collection.
- More secure. Multiple layers of security including password protection, Internet firewalls and 128-bit encryption, the highest level of security available.
- Consolidate funds from remote locations into one bank. Check deposits can easily be made from any remote office or storefront. This streamlines your cash flow by consolidating deposits from multiple locations into a single bank.
What do I need for Remote Deposit?
Remote Deposit is easy to use. All you need are the following items:
An account with Public Savings Bank
Operating System Windows XP Professional with Service Pack 2
CPU Pentium 4 processor
Memory 1 GB RAM
Hard Drive 20 GB
USB Ports 2 USB 2.0 ports
Network Speed 100 Mbps
Internet Explorer 5.0 or higher
What do I do with Cash?
Unfortunately, RDC only applies to USD Checks drawn on banks in the United States. You cannot scan cash into an RDC.
What do I do with those captured checks?
Many corporations now have to contend with what to do with scanned checks. The corporate user of an RDC solution is generally responsible for the safekeeping/destruction of the original items. While there is no set timeline as to how long a business should keep original checks, some people recommend a 60-day timeframe. Assuming a check debits an issuing party's account on the 1st day of their monthly statement cycle, and allowing up to 30 days for the issuing party to question the item, 60 days seems to make sense.
Establish a more efficient and easier way to manage your accounts. Your money can automatically sweep to and from your designated account to or from your other business accounts.
- Transactions are presented through out the day and the account is automatically replenished nightly to a zero balance 1
- Excess funds are swept to the designated account nightly to maintain a zero balance
- Easier to reconcile and keep track of transactions posting to your accounts
- No need to worry about keeping up with account balances or manually transferring funds to cover outstanding transactions
Increase the earnings potential by automatically transferring excess funds from your business checking account in to your Savings or Money Market account.
- You set the target balance for your business checking account - you have the freedom to set your minimum and maximum balance
- Receive the benefit of Competitive interest rates
- Automatic sweep of excess funds out of your account daily
- FDIC insurance up to $250,000/depositor
Public Savings Bank wants to give you an easy solution to daily business checking reconciliation. To be part of your success, we want to give you back valuable time and money.
- Access Positive Pay online through our Internet Banking and receive email notifications of checks presented nightly that do not match your checking register
- Compares daily check issuance with current paid checks; provides a daily list of exception checks for approval or refusal
- Freedom from waiting on the bank to contact you, inform you of exceptions and the burden of calling back with your decision
- You have the control of your own account on your own time 3
- Expedites account reconciliation, increasing staff productivity
Ideal for attorneys, real estate professionals, funeral homes and those who handle client funds accounts. Free up your time with simplified record keeping and tax reporting. Escrow management offers benefits to help you consolidate unlimited individual client escrow accounts into a single, flexible, easy-to-use master checking account.
- Tracks all sub-account transactions on your consolidated monthly statement
- Establishes an Audit trail
- Provides timely, accurate information on transactions, balances, interest earnings and closeout balances online through Internet Banking
- Freedom to process your transactions through Internet Banking-no more calling the bank, requesting balances, stating whether to withdrawal or close-out sub account and waiting on confirmation call
- Automatic completion of IRS Form W-9
- We mail your customers their 1099 tax form for you
- FDIC Insured up to $250,000 per sub account 4
- Can only sweep available funds from the designated account
- Investment Sweeps are not insured by the FDIC or any other federal government agency, are not deposits of or guaranteed by Public Savings Bank, and may also lose value.
- Bank must receive emailed response back by 1pm in order to efficiently return any checks
- Sub accounts must be established with individuals Social Security or Tax ID number
OPEN A NEW ACCOUNT
International customers please call 1-888-878-2542 for details |
| 1 Can only sweep available funds from the designated account 2 Investment Sweeps are not insured by the FDIC or any other federal government agency, are not deposits of or guaranteed by Public Savings Bank, and may also lose value. 3 Bank must receive emailed response back by 1pm in order to efficiently return any checks 4 Sub accounts must be established with individuals Social Security or Tax ID number |
