Remote-Deposit Capture Is Now a Must Have for CUs

Credit unions are playing catch-up to banks when it comes to business deposit products and services. Every national bank and most community banks offer remote-deposit capture services for businesses both large and small. According to CU Business Group’s 2010 “Business Deposits Benchmarking Survey,” only 8% of credit unions offering business services have remote-deposit capture as part of their package of services. The bar keeps getting raised, and my view is that RDC is now a must for credit unions to effectively compete.

Time is money. Businesses have less time and more demands than ever before, and convenience services like RDC are integral for credit unions to win over new business members. Allowing businesses to scan and deposit checks directly from their location makes working with your credit union easy and cost-effective. RDC also contributes to the green world we live in by saving trips to the credit union. And your frontline tellers won’t get bogged down scanning checks while other members wait. The benefits of RDC go on and on for all parties involved.