Deposit21 performs corporate check deposits electronically, using various industry-standard formats and methods. Deposit21 manages the entire process to ensure reliable and timely deposits, and provides the monitoring you need to rest assured your money is in the bank.Deposit21 is designed for back office applications, and is appropriate for payment volumes starting at about 50k items per month, upwards to 5 million or more. Pricing is based on peak monthly volume.
Deposit21’s robust and flexible design means that it can support complex deposit needs and adapt as your requirements change. It supports a wide range of configurations, including multiple accounts, separate clearing and deposit accounts, or even multiple destinations or methods of transmission.
Compatible with most major U.S. banks offering remote deposits, Deposit21 supports a variety of image cash letter (ICL) formats, including x9.37, X9.100-180, and bank-specific variations. Deposit21 is also ARC and BOC-capable, and multiple clearing methods may be used in combination.
