Checks waiting to go to the bank represent unusable funds to your business. With First Midwest Bank’s Remote Deposit Capture service, you can scan and electronically deposit your customers’ checks without leaving your office.Checks are electronically deposited into your account the same day you scan them, eliminating the need to race to the bank before the daily deposit deadline. In addition, images of the scanned items are readily available on your computer for easy reference.

The advantages

• Faster Funds Availability: Depositing checks from your office on the day you receive them may make funds available sooner – especially if you can’t get to the bank every day.
• Consolidate Bank Relationships: Conducting your banking from your office enables you to consolidate banking relationships and reduce the time and expense of working with multiple banks.
• Reduce Transportation Time and Costs: Reduce the time and expense necessary to transport checks to the bank by making deposits right from your desk. You’ll eliminate armored car and courier costs and free up your employees to focus on value-adding activities.
• Extended Deposit Deadline: If you receive checks late in the day, you now have the ability to deposit them until 8:00 PM CT and still have them count as that business day.

How it works

1. You receive a check either in person or in the mail.
2. You scan the check using a desktop scanner & PC.
3. Once all checks are scanned, you transmit the deposit electronically.
4. First Midwest Bank posts the deposits and processes the images in lieu of the actual checks.

Put the power of First Midwest to work for your business.

Explore the following services and learn the ways they can help your business:

1. Collection
2. Concentration
3. Disbursement
4. Investment
5. Information Reporting

Contact a Cash Manager