Is Remote Deposit Capture (RDC) right for my company?

Remote Deposit Capture (RDC) has transformed the check deposit process, delivering unparalleled convenience, faster transaction times, cost savings, and enhanced security.

What types of checks can be processed through RDC?

With Remote Deposit Capture (RDC), U.S. dollar checks drawn on banks with valid U.S. Routing and Transit numbers are generally accepted, including personal, business, Traveler's, and government checks. However, non-U.S. dollar checks are not eligible, and additional restrictions are outlined in the Master Services Agreement (MSA). It's important to note that Remotely Created Checks (RCCs) are not permitted for deposit under the bank’s deposit agreement.

How is RDC installed?

A bank representative assists the user through a screen-sharing session to install the necessary drivers and provide training.

How long does it take to get the service set up?

Typically, setting up standard Remote Deposit Capture (RDC) services takes up to 48 hours once all required documents are signed and submitted. If the client is purchasing a scanner, the process may take an additional 3-5 days, depending on postal delivery times.

What is the latest time that a deposit can be submitted to have it post same day?

Deposits must be submitted by 6:00 p.m. EST to receive same-day ledger credit. Any deposits made after that time will be credited on the next business day.

What should I do with the check after it is scanned and accepted?

You should retain the item for 30 days from the date of transmission. After which the check should be destroyed, marked void, or otherwise render it incapable of further transmission, deposit or presentment.

How are returns handled?

Deposited items being returned follow the same returns process as deposited items at a teller window. A substitute return check is created and sent back to the depositor.

100% fully insured deposits

Providing Financial Peace of Mind.

BankProv is a proud member of both the FDIC and the DIF. Wherever you are and however you bank with us, your funds are secure, down to the last penny.

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Fully Insured Deposits

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Your Money's Safe at BankProv

Since 1934, we’ve provided 100% fully insured deposits at no additional cost or complexity to our clients. We’re a member of both the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). The FDIC insures each depositor to at least $250,000, and the DIF insures the rest – down to the last penny!

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What is DIF Insurance?

Protecting Your Deposits

- Private Excess Coverage: Insuring deposits above FDIC limits in the event of bank failure.
- Depositor Assurance: Safeguarding funds since 1934.

The Power of FDIC & DIF Insurance

- Complete Deposit Protection: Combining FDIC and DIF insurance.
- Dual Security: Every penny insured at no extra expense.
- Your Deposits: Fully Protected, Always
- Depositor Confidence: Unmatched insurance for peace of mind.
- Deposits in Safe Hands: Trust the proven FDIC-DIF partnership.

Why BankProv?

Tailored to You

We credit much of our steady growth in commercial banking to the practice of listening to our customers and carving out specialties to serve their unique banking needs.

Deposits Insured 100%

Most banks offer deposit insurance up to $250,000 through the Federal Deposit Insurance Corporation (FDIC) but as a member of the DIF, your deposits are insured at 100%.

Technology Driven

Our products are designed with you in mind. Our API and Open Banking solutions allow us to move quickly and be flexible in order to give you the best possible experience.

Innovative Solutions

At BankProv, you'll find comprehensive solutions, global capabilities, industry expertise and personalized attention. That's what makes us a leading commercial bank.

Centuries Old DNA

As the 10th oldest bank in the country, we have the experience and knowledge to provide you with a comprehensive, efficient and premium banking experience.

Dedicated Support

We are more than your bank. We are your partner. We work closely with our clients to deliver superior products and high-touch services to meet all their banking needs.

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Your banking needs are unique. We'll work with you to find the right solution.

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Deposit Insurance FAQs

Deposit insurance is a measure implemented to protect your money in the unlikely event of a bank failure. The Federal Deposit Insurance Corporation (FDIC) provides coverage up to $250,000 per depositor, per insured bank, for each account ownership category through the FDIC insurance fund. The Deposit Insurance Fund (DIF) insures amounts beyond this limit. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF. Learn more by reading one of our latest blog posts about what the Deposit Insurance Fund is and how it works.

Established in 1933, the Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. federal government, whose job is to insure deposits and examine and supervise financial instutitions. The FDIC provides deposit insurance to protect your money in the event of a bank failure, and through them your deposits are automatically insured to at least $250,000, per depositor, per insured bank.

No. As a member of both the FDIC and the DIF (Deposit Insurance Fund), we are able to provide all our deposit clients with depositors insurance, ensuring that deposits are fully insured down to the last penny at no extra cost.

The Deposit Insurance Fund (DIF) coverage is not affected by where a depositor resides or where a DIF member bank branch is located. As a member of both the FDIC and DIF your deposits with BankProv are fully insured, no matter where you reside, or where our branch is located.

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100% fully insured deposits

Providing Financial Peace of Mind.

Your Money's Safe at BankProv

What is DIF Insurance?