How does Remote Deposit work?

Using a check scanner, you simply scan an image of both sides of the check. This image then becomes the legal equivalent of the original check, and the image is submitted to Minnwest Bank through a secure electronic server. Minnwest Bank treats this image as the legal equivalent and begins processing the check immediately.

What is a substitute check?

Also known as an IRD (Image Replacement Document), it is a paper reproduction of the original paper check, and is legally binding as a legal proof of payment.

What does a substitute check contain?

Do I have to change or upgrade my computer system?

Each scanner will have minimum system requirements, and will vary with each scanner. Each scanner will come with a driver that will need to be loaded along with a USB connection.

Who will use the system? What type of training will be provided for them?

Individuals already in charge of manually preparing and delivering deposits are typically the main users of this automated process. Staff will be trained at time of installation.

How late can I make a deposit and still receive same day credit?

Deposits successfully submitted through the system before 6:00 p.m. (CST) on a Business Day, are posted to your account the same day. Deposits submitted after 6:00 p.m. (CST) on a Business Day or a non-business day will be posted on the next Business Day.

What should I do with the check after I make the deposit?

Generally, original checks should be stored for at least 30 days before destroying. Refer to your Minnwest Bank Terms of Use for details.

How will I receive notification of an NSF?

Returned checks will be handled as usual with a substitute check being returned in place of the original check.

Can I set-up multiple accounts for deposit?

Yes. Deposits can be made to any number of accounts without additional charges.

How does Remote Deposit differ from POP or POS systems?

Many retailers use a POP (Point of Purchase) or POS (Point of Sale) system that produces an ACH (Automated Clearing House) debit from their clients' account. This information is usually captured at the point-of-purchase and the checks are truncated. This means that an image of the check is not captured and therefore cannot be returned in the customer's financial institution statement. Some users of POP or POS systems are moving to Remote Deposit to reduce equipment, maintenance, and training costs.

What types of checks can be processed through Remote Deposit?

U.S. dollar checks drawn on U.S. financial institutions with valid routing and transit numbers are accepted, including personal checks, business checks , Cashiers's Checks and postal money orders.

What security controls are provided for Remote Deposit?

As an integral part of your online account access, the same security that protects other transactions also ensures that your Remote Deposit information remains confidential:

In addition, users access rights, depository restrictions, and review criteria levels are created within the administrative controls.

Need Assistance?

If you have additional questions, contact Minnwest Bank for assistance.