Improve Cash Flow with Remote Deposits
Conveniently deposit checks into your HVCU Value or Enhanced Business Checking Account. Scan checks through an RDC compatible single-feed or multi-feed scanner and the funds are deposited directly into your account.
- Same day settlement when checks are deposited before 6 pm (ET)1
- RDC deposits not included in item count for business checking accounts
- Remote scanning is secure and data is encrypted
- No lengthy retention requirements – 7 days minimum, no more than 45 days
Your Monthly Costs
Up to 150 items – $15
151 - 300 items – $30
Unlimited items – $45
Funds Availability
Deposits of $1,500 or more are held for review. The first $225 is available immediately, with the remaining balance credited to your account after the check has been verified.2
Deposit Checks Easily
-
Collect receivables to deposit and access your RDC account online.
-
Carefully review and enter your check totals and counts.
-
Use your single-feed or multi-feed scanner and confirm your remote deposit.
Get Discounts with Multiple Business Services
When you enroll in two or more of our business services — Payroll Services, Merchant Services, Internet Banking or Mobile Banking, or Remote Deposit Capture — you'll receive discounts on the per item charge for check transactions.
| Cash Management Options | Value Business Checking | Enhanced Business Checking |
|---|---|---|
| Select 2 Cash Management Solutions | $0.12 per item for ACH/check transactions over 250 | $0.17 per item for ACH/check transactions over 500 |
| Select 3 Cash Management Solutions | $0.09 per item for ACH/check transactions over 250 | $0.14 per item for ACH/check transactions over 500 |
Mobile Deposit Offers Another Option for Check Deposits
Deposit checks using the camera on your iPhone, Android or tablet. With the HVCU Mobile Banking app, you can securely deposit checks in seconds.
Get the HVCU Mobile Banking App
Strengthen Your Business Operations
Business Savings
Start saving for future business expenses and materialize the most ambitious aspirations.
Business Certificates
Save for future business expenses and projects. Competitive rates on higher balances and longer term periods.
Business Checking
Manage payables and receivables with a simple, easy-to-use business checking account.
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Important Legal Disclosures & Information
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1Next day settlement when deposits are made after 6:00 pm ET. Checks deposited after 6:00 ET Friday are credited on Monday (Tuesday, if it’s a Federal Holiday).
2Deposits in the amount of $225.01 and over will be held in review for new business members within the first 30 days.
3New HVCU business members are held to a $1,500 daily deposit limit within the first 30 days. Deposit thresholds vary and are based on multiple factors, including the account type, your deposit history, and your relationship with HVCU.
4Individual deposits over a certain dollar amount make take up to 2 days to process. Refer to the RDC Services Agreement Terms and Conditions and our Truth in Savings Disclosure & Account Agreement for funds availability policies.