Remote Deposit Capture

Remote Deposit Capture (RDC) is the process of electronically depositing a cheque into a bank account from a remote location, such as at home or in an office, without having to physically deliver the paper cheque to a bank branch. This is typically done by capturing an image of the cheque using either a scanner or a camera-enabled device such as a smartphone, and then transmitting that image to the bank over a secure connection in place of the original paper document.

remote deposit capture

What does Remote Deposit Capture offer?

The benefits of Remote Deposit Capture include:

  • Customer convenience
  • Greater customer choice of paying-in method
  • Reduced cheque clearing times
  • Faster availability of funds
  • Reduced transportation costs
  • Reduced risk

Who Uses Remote Deposit Capture?

In the UK, Image Based Clearing was introduced in October 2017. Over the next twelve months as more banks enable their customers to use remote deposit capture then everybody will feel the benefits of cheque imaging. Businesses, and the banks themselves, were the first majors users of remote deposit technology. Both sectors see large numbers of cheques, and want to get cheques processed more quickly so they can use the money for their businesses or operations. Desk top cheque scanners providing the most effective way of capturing the images for presentation to the bank and the clearing system.

However, consumers want the same thing too, so personal banking customers also have the ability to deposit cheques without taking them to the bank. This will depend on indivudal’s banks current banking arrangements but would allow a customer to use either a mobile or tablet-based banking app to take an image of the cheque by scanning it into the device bfore transmitting the image to their financial institution.