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Remote Deposit Capture

Is your business focused on improving cash flow and controlling expenses? With BB&T OnSite DepositSM, you can do more with less—streamline deposit preparation and accelerate receivables—all while eliminating trips to the bank.

BB&T’s remote deposit capture solution is an easy-to-use technology that saves you money and time, while giving you instant access to all your deposit information.

Benefits

Accelerate Receivables

  • Extend your banking day to 9 pm ET
  • Collect funds sooner to help optimize your cash conversion cycle

Improve Efficiency

  • Lower overall payment processing costs
  • Eliminate costly trips to the bank
  • Simplify reconciliation through automation

Improve Control & Risk Management

  • Reduce risk of payment fraud
  • Strengthen controls from built–in workflow and multilayer security features
  • Improve employee safety and limit liability

Enhance Working Capital

  • Improve visibility and predictability of your cash position
  • Increase accuracy of cash forecasting

How It Works

OnSite Deposit enables you to process consumer and business check payments using a check scanner and PC at your office.

Here's how OnSite Deposit works:

  1. Deposit Preparation
    Add up the total amount of the checks you wish to deposit.
  2. Scanning
    Log on to OnSite Deposit, enter deposit total in the virtual deposit ticket and click “scan.” The scanner scans each item capturing an image of the front and back while recognizing text from important fields.
  3. Validation and Approval
    OnSite Deposit guides you through the process of verifying the deposit amounts, reviewing check images and making corrections (if needed).
  4. Deposit Submission
    Once your deposit balances just click “submit.” Your deposit is automatically transmitted to your account at BB&T.
  5. Confirmation
    OnSite Deposit provides complete reporting of deposit details and images for up to two years.

Key Features

User Experience

  • Easy-to-install equipment with industry-leading training and support
  • Simple web application requires no technical resources to setup
  • User administration with multiple security levels and optional approval workflows
  • Deposit confirmation emails

Automation

  • Scanning function images both sides of the check and captures MICR data
  • Advanced OCR (Optical Character Recognition) technology reads check amount and other fields1
  • Multiple scanners available with varying features and scanning speeds

Functionality

  • Deposits consumer and business checks as well as money orders and cashier’s checks
  • Optional virtual endorsement places your choice of seven endorsement templates on the back of each check image during scanning
  • Built in deposit exception and error correction process for managing duplicates, poor quality, atypical formatting and other problematic items

Information Reporting

  • Two-year archive of reports and check images
  • Multiple summary and detail report options
  • Robust search by amount, account number, serial number and more
  • Export as image files, PDF, ZIP or CSV/Excel

Service Options

Coupon Remittance Processing

  • This option automates your accounts receivable even further by processing both checks and the accompanying remittance coupons bringing the power of a lockbox service right to your desktop
  • Creates an electronic deposit and an accounts receivable posting file that can be delivered through data transmission or downloaded from the web

Key Entry

  • Remittance information may be manually entered during the scanning process for inclusion in data transmission or web-based reporting

Check Conversion (ARC & BOC)

  • Accounts Receivable Conversion and Back Office Conversion services convert checks to Automated Clearing House (ACH) transactions for even faster funds availability and greater predictability

Get Assistance

By Phone
Call BB&T Treasury Management at 800-810-5625.
By Email
Send us a message.

Contact Us

Send us an email

or call BB&T Treasury Management

at 800-810-5625

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