Other Services – Remote Electronic Deposit (RED)
First Federal Savings Bank’s Remote Electronic Deposit (RED) allows you the convenience of scanning your checks and transmitting your deposit from the convenience of your office. It is safe, secure and helps to improve the cash flow of your business. We provide a FREE scanner and will even install it for you!
RED can dramatically accelerate your access to funds by eliminating the time involved with depositing paper checks at a bank branch.
Check images and your transaction history are password-protected, to keep your important business information confidential. There's no limit to the number of checks you can deposit on a business day.
Additional features:
Easy-To-Use Technology
- RED is easy to install, learn and use
- Checks prepared for deposit are processed through a desktop scanner connected to your computer
- Images of your scanned checks are transmitted to First Federal to be deposited into your First Federal Business Checking Account
Security
- RED converts checks into digital images that you can verify onscreen
- Account data is encrypted for a secure transmission and is available for research needs
Contact your Market Manager to schedule a demo today!
See RED agreement/terms of use for additional information.
