Benefit Highlights
Convenience:
Eliminates the need to go to a banking center
Extended Deposit Hours:
Deposits can be made well beyond traditional bank deposit hours
Reduced Cost:
Deposit preparation time is eliminated, as is out-of-office time
Reduced fraud risk:
Returned items identified sooner
Improve funds availability
1-2 days typical, vs. 3-5 days with paper checks
 
FEATURES ABOUT CONTACT SCREENSHOTS
 

 

Fill in to calculate your savings

Use this form to calculate how much you are spending on paper-based check processing and how much you can save with Remote Deposit Capture processing through Inovium RapiDeposit.

The default numbers below are typical figures based on national averages. You can use them as presented, or enter your own data in field marked with an * (Variable Data Field).

For detailed analysis please - Click Here


* - Variable Data Field
 
Traditional
Paper based
RapiDeposit
RDC
Annual Savings
No. of checks per month
*
Total Number of Scanners
*

Transportation Cost
*
Labor Cost
*
Operation Cost
*
Float Cost
*
RapiDeposit Cost
 
Cost of processing, per check
 
Percentage Savings
%
%
%
 
Monthly Cost of Processing(a)
$
$
$
Annual Cost of Processing(b)
$
$
$
 

(a) Cost of processing, per check rate x 22 banking days per month X # of scanners X # of Checks Processed

(b) Annual Cost of Processing is Monthly Cost of Processing x 12 months
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