Remote Cheque Deposit for Business

Yes, you’ll need a special scanner that you can purchase from a company called PayStation. There are different unit models available, letting you purchase the type that suits your business needs best. Don’t worry – we’re here to walk you through the purchasing process.

Not at all! It really depends on how you do your banking, not necessarily how large your operation is. If your business receives a lot of cheques that you regularly deposit, or you’d like the convenience of depositing your cheques when it works best for you, then RCDB can be a great tool for your business. And you can always get in touch with us to learn if RCDB can work for you.

Yes, there are fees attached to RCDB including the purchase of your scanner, an initial set-up fee as well as a monthly charge. These fees will vary depending on the needs of your business. You can contact us to learn more about costs for your business.

You can deposit the following item types:

• Canadian dollar cheques, drafts, money orders and Receiver General Warrants drawn on a Canadian Financial Institution
• US dollar cheques, drafts, or money order drawn on a financial institution domiciled in Canada or the United States

There are some items that RCDB cannot deposit. They are:

• Canada Savings Bonds
• Canadian or US dollar traveler’s cheques
• US Domestic Postal Service Money orders
• cheques in currencies other than CAD or USD

Yes, there are a number of different user roles that can be assigned to those using RCDB. We can help customize user roles and access based on the needs of your business once you’re ready to sign up!

In order for RCDB to properly function, you’ll need a Microsoft Windows operating system capable of supporting the following requirements:

• one of the following web browsers: Internet Explorer (IE 8,9 or 10, or 64-bit version of 11), Mozilla Firefox (version 25.0.1), or Google Chrome (current version 31.0.1650.57)
• an available USB 2.0 port and the ability to locate the scanner at least 18 inches from its power transformer
• administrative access to the workstation computer (to download and install the scanner driver)
• a display adapter and monitor capable of at least 1024 x 768 resolution and at least 256 colours