Business happens all the time, and sometimes it can feel like we’re all trying to keep up. One way small businesses can get ahead is by using the benefits of mobile banking, which allows them to bank anywhere, anytime. Now, thanks to new technology, even small businesses can take advantage of remote banking services that previously were only for larger volume depositors.
Mobile Deposit eliminates the old procedure of bringing a check to the bank, signing it, presenting it to a teller or ATM machine, and getting a receipt. Now, that process can be condensed into a streamlined series of steps you can accomplish from wherever you are standing, with the help of your phone. “Business Mobile Deposit works just like it does for personal banking,” says Cheryl Lindberg, Business Development Officer.
To use Business Mobile Deposit, simply sign in to your business account with the Mobile Banking app using your smart phone or tablet and follow the steps, which will prompt you to snap pictures of both the front and back of the check, indicate which bank account the deposit will go into, and record the amount of the deposit. Once you have finished inputting all the information and tapped to submit, you will receive a confirmation in your email box. Mission complete!
“This is a good option for business that don’t generally deposit more than 30 checks a month or $10,000 a day,” says Lindberg. A business with a high volume of deposits will want to purchase a scanner and sign-up for Remote Deposit Capture.
Business Mobile Deposit—another way Mascoma Bank integrates technology and banking to keep your business thriving.