Manchester, NH, October 17, 2010 --(PR.com
)-- Bellwether Community Credit Union recently launched CheckDeposit24, a service that allows members to deposit checks remotely in less than three minutes from their home or office. By using CheckDeposit24, members can make check deposits twenty-four hours a day and seven days a week- eliminating trips to a branch. Within the next few months, Bellwether Community Credit Union plans to launch a smartphone application to augment the service.
Members of Bellwether Community Credit Union have quickly embraced the benefits of CheckDeposit24 since deposits can be made at their convenience. “Bellwether Community Credit Union is excited to offer CheckDeposit24 to our members. We are always seeking services that make their lives easier,” said Michael L’Ecuyer, President/CEO of Bellwether. “CheckDeposit24 has received rave reviews and member use has steadily increased since the launch.”
To use CheckDeposit24, members need a computer, scanner and Internet connection. Members register for the service online. Once Bellwether Community Credit Union reviews and approves their registration, members can simply log onto Bellwether’s Internet Banking system, scan a check and submit the deposit.
Bellwether Community Credit Union’s CheckDeposit24 is commonly known in the industry as Remote Deposit Capture. The technology has been increasingly offered by financial institutions for business customers but it not widely available for consumers.
Recent legislation under the Check Clearing for the 21st Century Act or “Check 21” made the product possible. Implemented in October 2004, the act enabled banks to clear checks based on an image of the original item, instead of transporting it to the paying bank for clearing. According to RemoteDepositCapture.com, the benefits of the service are convenience, reduced transportation risk and cost, better availability, and processing efficiencies.
About Bellwether Community Credit Union
Bellwether Community Credit Union offers financial services to consumers who reside or work in New Hampshire. As a not-for-profit credit union, Bellwether focuses on returning value back to members through attractive rates and low fees; local, personal service; and services, delivery channels and processes that make members lives easier. Members can access their accounts at more than 28,000 free ATMs nationwide and approximately 3,600 CU Service Centers around the world. Bellwether Community Credit Union has branch locations in Manchester and Nashua. For more information about Bellwether Community Credit Union, visit www.BCCU.org.