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Advantages of Remote Deposit Capture

Tuesday , 7, July 2020 Comments Off on Advantages of Remote Deposit Capture

Remote Deposit Capture (RDC) is a program in which businesses use bank check scanners to deposit check payments directly from the business location instead of transporting checks to the bank. Instead of receiving a physical check, the financial institution receives a digital copy of the front and back of the check, which it uses in place of the original document.

Made possible by Check 21, RDC has several benefits for financial institutions and their business customers. You can find more about remote deposit capture via

RDC has some important benefits for financial institutions, particularly reduced transportation costs, new revenue streams, and the potential to expand the customer territory – all made possible by image exchange technology.

Reduced Transportation Costs – When a financial institution implements image exchange technology, it no longer has to transport checks to other financial institutions via courier or using its own transportation assets. This can reduce transportation costs annually by several thousands of dollars.

Expanded Customer Territory – Because RDC allows businesses to transmit deposits across any distance, it allows financial institutions to expand their customer footprint. Institutions that once only had hundreds of customers can grow the customer base exponentially with the implementation of an RDC program.

New Revenue Streams – With expanded customer territory comes new revenue streams. The more customers an institution has, the more potential streams of revenue it attains. New revenue streams can also develop through additional products provided by RDC, such as ACH payments and enhanced liquidity services.