Remote deposit capture

Remote deposit capture is when a company uses a special check scanner and scanning software to create an electronic image of each check that it wishes to deposit. The company then transmits the scanned check information to its bank instead of making a physical deposit. The bank accepts the electronic information, posts funds to the company's account, and assigns funds availability based on a predetermined schedule.

Remote deposit capture is useful for eliminating the physical delivery of checks to a bank, which also makes it possible to use a bank located anywhere - it no longer has to be physically close to the company.