Remote Deposit

Remote deposit (or remote deposit capture) is the process of converting paper or mailed-in checks to an electronic file for processing.

Related Terms

  • DFI (Development Finance Institution)

    A development finance institution (DFI) is an alternative type of financial institution that provides credit via loans, equity and more.

    Learn More

  • Lockbox

    Lockbox refers to banking in which the funds are placed in a physical storage unit (such as a post office box). A bank would then visit the...

    Learn More