Scan checks for deposit electronically directly into your account remotely from your office or home without making a trip to the bank. Make deposits by running your checks through a desktop scanner which is hooked up to your computer through an Internet connection.
Benefits of Express Deposit
- Convenient, easy to use
- Make deposits anytime, day or night, from your desk or home
- Efficient deposit processing
- Saves you a significant amount of time
- Multiple business locations can deposit into one account.
How to get set up for Express Deposit
Express Deposit FAQs
Do I have to change or upgrade my computer system to utilize remote deposit?
You will need a newer PC running a currently supported Windows Operating System with a minimum of 1GB RAM and a high speed internet connection. A small desktop scanner can be leased or purchased from us. If you prefer to purchase a scanner elsewhere, please ask us for more information. Express Deposit software will be installed on your PC by a Silver Lake Bank technician.
How long does it take to get set up?
We estimate one week. Silver Lake Bank will do an assessment of your business needs with your help. Then, we will install the software and scanner as well as provide training at a convenient time for you.
Will Silver Lake Bank provide training for my staff?
Absolutely! Silver Lake Bank staff will train your employees at your business at a time convenient for you. And, we are available for ongoing support and training as your staff needs change.
What is my daily cut-off time for sending Silver Lake Bank my deposit for same day deposit credit? When will the funds be available for my use?
You may make a deposit anytime, even nights, weekends, and holidays. For same day date of deposit credit, your deposit needs to be scanned, sent and received by Silver Lake Bank on business days by 6 pm Monday through Friday. In most cases, you will receive availability the next business day.
What do I do with the actual checks after I make the deposit?
You are responsible for secure storage and eventual destruction of all checks deposited. Silver Lake Bank personnel will work with you to develop procedures that are agreeable to both parties.
How do I know if I have deposited and scanned the checks?
The scanner will print text on the back of the check, "Express Deposit, date." A deposit log, located within the Express Deposit software allows you to view a summary of deposit information, including time of day deposit was received by Silver Lake Bank. Emailed reports of deposits received are also available.
How do I deposit my cash?
Cash still must be transported to the bank. Depending on the amount, you may be comfortable with handling your cash transactions less frequently.
What if my business has multiple locations? Will I need a separate checking account for each?
Multiple locations can conveniently deposit remotely into the same checking account. A scanner will be needed at each location.