Remote Deposit Capture in WSFS Bank
Remote Deposit Capture at WSFS Bank
Remote Deposit Capture (RDC) at WSFS Bank is a modern, secure solution that enables businesses to deposit checks electronically from their office or remote locations without visiting a branch. Designed for small businesses, mid-market companies, and treasury operations, WSFS RDC streamlines deposit processing, improves cash flow, and reduces time spent managing paper checks. The service supports both desktop scanner-based capture and mobile check capture, giving clients flexible options to fit their operational needs.
Key Features
- Multiple Capture Options: Desktop/imaging scanners for high-volume environments and mobile capture for on-the-go deposits.
- Secure Transmission: End-to-end encryption and secure channel transmission ensure images and data are protected at every stage.
- Automated Image Processing: Automatic cropping, de-skewing, and MICR recognition reduce manual intervention and improve deposit accuracy.
- Batch Processing and Controls: Submit multiple items in a single batch, with configurable limits and alerts for exception items.
- Enterprise Integration: Seamless compatibility with accounting and treasury systems to streamline posting and reconciliation.
- Audit Trail and Reporting: Detailed reporting and audit logs support internal controls and regulatory compliance.
Benefits for Your Business
Implementing RDC at WSFS Bank delivers measurable benefits that impact daily operations and strategic cash management:
- Faster Funds Availability: Reduce lag time between deposit capture and funds availability. Prompt imaging and electronic presentment accelerate processing.
- Reduced Operating Costs: Minimize trips to the bank, cut courier expenses, and lower manual processing costs associated with paper handling.
- Improved Cash Flow Visibility: Real-time deposit submission and reporting provide greater control over receivables and liquidity planning.
- Enhanced Security: Decrease risk associated with transporting checks and improve fraud detection through image analysis and exception workflows.
- Scalability: Handle seasonal volume spikes or steady growth with a solution that scales from a few items to thousands per day.
How It Works — Typical Workflow
- Prepare checks by endorsing and organizing them according to WSFS endorsement guidelines.
- Scan using a certified desktop scanner or capture images using the WSFS mobile capture application.
- Review and validate images on-screen; correct any exceptions or add necessary information.
- Create a deposit batch and submit electronically to WSFS for processing.
- Receive confirmation of receipt and detailed deposit reporting for reconciliation.
Security and Compliance
Security is a priority for RDC. WSFS employs multi-layered protection, including secure authentication, role-based access controls, encrypted data transmission, and stored-image protection. The system maintains an auditable trail of every deposit, including who submitted deposits, timestamps, and image metadata. RDC operations adhere to applicable banking regulations and industry standards for image exchange and retention. Recommended procedures such as dual-control for large deposits and regular user access reviews help maintain strong internal controls and mitigate fraud risk.
Technical Requirements
- Supported operating systems and browsers for desktop capture; mobile apps available for common smartphone platforms.
- Certified scanner models for optimal image quality and MICR read rates.
- Internet connectivity with sufficient bandwidth to transmit check images securely.
- Integration options include file upload, secure FTP, and APIs for automated posting into enterprise systems.
Onboarding and Support
WSFS provides a structured onboarding process that includes account setup, equipment recommendations, user training, and test submissions. Dedicated implementation specialists guide clients through configuration of user roles, deposit limits, and reporting preferences. Ongoing support is available through a helpdesk and online resources, with escalation paths for technical or operational issues. Regular reviews help optimize workflows, improve image quality, and refine limits and controls as business needs evolve.
Best Practices
- Endorse checks clearly and follow endorsement standards to avoid processing delays.
- Inspect and clean scanners regularly to maintain image quality and reduce exceptions.
- Use batch naming conventions and notes to simplify reconciliation and reporting.
- Implement segregation of duties by assigning separate users for capture, approval, and reconciliation.
- Review daily exception reports and resolve items promptly to maintain deposit accuracy.
Who Should Use RDC?
Remote Deposit Capture is ideal for businesses that process checks regularly — from retailers, professional services, and non-profits to distributed organizations with multiple locations. Companies seeking to accelerate cash flow, reduce manual workload, and strengthen controls will find RDC to be a valuable component of their treasury and payments strategy.
Conclusion
WSFS Bank’s Remote Deposit Capture offers a reliable, secure, and flexible way to modernize receivables processing. By eliminating the need for physical branch visits, improving processing speed, and enabling better cash management, RDC helps organizations focus on growth while reducing operational friction. With configurable controls, enterprise-level integration options, and dedicated onboarding and support, WSFS delivers a solution tailored to the needs of today’s businesses.
Address Bank: Wilmington, Delaware, U.S.
Bank: WSFS Bank
Headquarters: Wilmington, Delaware
Products: Payments & Treasury
Type: Remote Deposit Capture
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