Tired of driving to the bank to deposit checks? Want to be “green” and use less gas? Want to squeeze more time out of your day?
You can now put one of those check reading machines in your own office and deposit your own checks.
The new service is called “Remote Check Deposit” and it’s…grrrrrrrrrrrreat!
Remote check deposit let’s you scan your own checks, tally up the deposit, and send the deposit to your bank with the click of a mouse.
I’ve been using it for a week now and it’s great. I used to wait a few days if I had less than $2000 worth of checks because it’s a 45 minute round trip drive to the bank (plus gabbing time). Some people only go to the bank once a week, forfeiting all of that wonderful 0.05% interest they could be earning. (You can negotiate higher rates with your bank – ask to speak to the branch manager and whine, threaten to leave, whine some more, and whine again.)
Now, after getting the afternoon mail, I deposit all of my checks, even if the total deposit is small. I’m done in under 5 minutes and burn no gas.
I had two options: 1. Get the service from my bank, or 2. Get the service from an independent remote check deposit service provider.
My bank wanted $50 per month for the service, plus $400 for the scanner. DepositNow offered me the same service for $24.95/month plus the exact same scanner for free if I signed up for 12 months and paid the monthly fees in advance.
The service does require a credit check, there are limitations on the service which will vary from bank to bank.
DepositNow approved me for a maximum of $12,000 per day, $5,000 maximum check, and 50 checks per month for $24.95, with 50 cents per check if I run over that. This works for me. They have higher monthly fees for more checks, so pick the best deal for you.
You simply need a relatively new Windows computer with a free USB port and you are good to go.
So far this has been a great service and a real time saver. Check it out today! (No pun intended.)
(Note: I do not get any referral fees from any links on this blog. I can’t guarantee that you will be satisfied with the services from companies mentioned. They work for me, that’s all I know.)
