Quick and Easy Bank Deposits
Without Ever Leaving Your Business!
With Xpress Deposit you can make deposits electronically by utilizing a
desktop scanner connected to your PC and the Internet. Users scan checks at
their business location and then transmit data and check images to us
electronically for deposit.
This new service reduces or eliminates the need to
deliver deposits in person at your financial institution. And you can make
deposits from any of your business locations.
Here's how it works:
Use the supplied scanner to capture the front and back of each check,
including the MICR information and dollar amounts.
Checks are totaled, balanced and a virtual electronic deposit
ticket is prepared for your approval.
All check images are sent electronically, over a secure
connection, to American Savings, FSB and deposited into your account.
With Xpress Deposit from American Savings, FSB, you will enjoy many key
Prepare and submit deposits directly from any of your business
locations. Make deposits when it's most convenient for you: evenings,
weekends or even holidays.
Eliminate courier costs or employee trips to the bank. Consolidate multiple
banking relations and save money with reduced fees.
Improve Cash Flow.
By depositing checks quickly, deposit items may qualify for faster
Reduce the amount of time spent preparing deposits and consolidate banking
accounts. No more trouble getting to the bank before cut-off time.
By depositing checks faster, the collection process is started sooner.
Improve End-of-Period Processing.
Checks received on the last day of the month or quarter will post in the
Extensive reporting capabilities
Recognition technology allows
you to automatically read the majority of checks
Streamlined workflow processes
automated virtual endorsement ticket
Ability to automatically upload
payment files into
your accounts receivable system
Automated transaction balancing
Multiple security layers
Support of up to 12 additional
ability to key additional information from images,
such as name and address
Integrated transmission function
transmission and reception of transaction data,
including multiple deposits in a single day
Mohammad Saleem for more
information on the advantages of