CUDeposits
Allows a credit union member to deposit checks electronically, over the web, eliminating ATM surcharges while enhancing the level of convenience provided to members.
CUDeposits Benefits
CUDeposits is an easy and convenient way for credit union members to immediately deposit checks over the web or by phone. Credit union members record information from the check into the credit union's online banking system, creating less data entry for credit union staff, and have immediate access to a portion of the funds deposited.
Credit Unions
- Notable reduction of ATM surcharges
- Increased visits to credit union web site
- Decreased branch visits
- Reduction of staff time to perform data entry tasks
- Expanded geographic reach without the need of ATMs
Credit Union Members
- Instant access to funds deposited
- Convenience of anytime online deposits versus branch visits
- Greater flexibility of finances
CUDeposits Features
Members access their credit union accounts via the web and make their deposits to their accounts online. CUDeposits then instantly deposits funds into their accounts at which time the member has access to a portion of the total. Within a pre-determined period of time, members then mail the checks to the credit union. Once received, the member gets the balance of their funds into their accounts.
- Pre-qualification of members prior to enrollment as well as prior to deposit ensures minimal or no fraudulent use of this service
- Sophisticated rules-based deposit engine determines the access to deposited funds
- Outstanding, unfinished and complete deposit notifications to members
- Management reports that detail all remote deposit operations