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November 9, 2006

Got Checks? Scan them to the bank!

Most of us take checks and deposit them to our bank accounts by going to the bank, filling out a deposit slip. However, some banks, reports IHT, are issuing their customers check scanners that enable remote deposit of checks.

The International Herald Tribune writes Now banks are issuing miniature versions of those scanners to their small- business customers. The Stone Age, a 10-person company that sells stones, bricks, statues and tools to landscapers, started scanning its checks for deposit a few months ago. One of its owners, Jack Longo, estimates that it saves him five hours a week that used to be spent driving to and from the PNC branch about 10 miles, or 16 kilometers, away from his office in Totowa, New Jersey.

Check out the full article here, and more information on Remote Check Deposit here.

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