How does myb@nk Remote 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 American National Bank of Minnesota through a secure electronic server. American National Bank of Minnesota 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. A video tutorial is available for your staff.

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

The cut-off time for same-day deposits may be extended for deposits issued electronically. Contact us for more details.

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

Generally, original checks should be stored for at least 65 days before destroying. Refer to your American National Bank of Minnesota agreement 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 myb@nk Remote differ from POP or POS systems?

Many retailers use a POP or POS 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 myb@nk Remote to reduce equipment, maintenance, and training costs.

What types of checks can be processed through myb@nk Remote?

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

Will myb@nk Remote deposits be reviewed before funds are placed in my account?

American National Bank of Minnesota will review deposits containing duplicate check item suspects, poor quality scan images and checks where any portion of the MICR line information has been altered prior to submission of the deposit. All acceptable items will be deposited to your account in adherence with the established cut-off time. Items deemed unacceptable will be returned to you for exception handling.

What security controls are provided for myb@nk Remote?

As an integral part of your online account access, the same security that protects other transactions also ensures that your myb@nk Remote 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 American National Bank of Minnesota for assistance.