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Remote Deposit

Remote Deposit. Next. What is Remote Deposit?. Remote Deposit is a cash management product that will allow you to endorse, scan and electronically transmit check deposits from your office directly to your account with First Farmers & Merchants Bank. Next. Remote Deposit - How it helps….

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Remote Deposit

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  1. Remote Deposit Next

  2. What is Remote Deposit? Remote Deposit is a cash management product that will allow you to endorse, scan and electronically transmit check deposits from your office directly to your account with First Farmers & Merchants Bank. Next

  3. Remote Deposit - How it helps… • Saves travel time and cost • Possibly reduces insurance/legal cost • Advantage of a later daily cut-off time for deposits • Spots insufficient checks faster • Allows for consolidation of bank accounts Next

  4. Remote Deposit – How it works… • Open the program for scanning • Total your batch of checks • Enter the total • Pick the appropriate account number (if more than one) • Scan each check • Once scanning is finished, the system will notify you if you are out of balance and alert you to the error. • Transmit batch • Auto print-out of deposit • Auto email to second party for dual control on account activity Next

  5. Remote Deposits - Requirements • Client PC running Windows 2000 Professional or higher • 1.3 GHz Pentium 4 • 512 MB RAM • 1 GB of storage for every 10,000 items to store • CD-ROM • 1 USB Port (Version 2.0 for optimum scanner performance) • NIC or Modem with Internet connectivity • Printer (optional) • Display supporting 1024x768 resolution • Keyboard and mouse Next

  6. Remote Deposit Software and Hardware • Client Capture Software • Scanner • UEC7000 Single Feed Scanner or • Unisys My Vision X30 Next

  7. UEC 7000 Single Feed Scanner Manual Batch limit of 250 items, single feed Lease $65 per month, includes Remote Deposit service Purchase $695, Remote Deposit service $40 monthly Next

  8. Unisys My Vision X30 Transporter Automatic Batch limit of 250, auto-feeds up to 100 checks at one time Lease $90 per month, includes Remote Deposit service Purchase $1495, Remote Deposit service $40 monthly Next

  9. Remote Deposit – Questions? Q: “Am I limited to the number of deposits that can be sent through Remote Deposit?” A: “There is no limit and deposit files can be transmitted to the bank anytime, day or night.” Q: “Who will warehouse the original items?” A: “You need to keep the original document for at least 120 days and then destroy properly.” Q: “Will I have technical support?” A: “Yes, First Farmers & Merchants Bank will assist you as well as software tech support.” Next

  10. Remote Deposit – Other information Contact First Farmers & Merchants Bank, Commercial Banking Department or Felicia Brown for more information. commercialbanking@myfirstfarmers.com FF&MB 816 South Garden ST Columbia, TN 38401 1.800.882.8378 End

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