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Deposit Bank®

This innovative scanning device allows you to make deposits from the comfort of your office regardless of the weather, the time of day or how much other work is waiting. It saves you time and expense. InsBank is literally at your fingertips. With Deposit Bank®, you simply scan the checks you receive for deposit. It batches (like a deposit ticket) the checks for you. When you “submit” the checks, they are processed by the bank and credited to your account. It is a less paper intensive process and provides faster cash flow. You can then use Internet Bank to check your balances and transactions on line.

How It Works

  1. You feed the paper check through a scanner
  2. MICR information and digital images of the check are captured
  3. Funds are debited from the check writer's bank account
  4. Your bank account is credited with deposit

Benefits of Deposit Bank®

  1. Receive Funds Faster
  2. Eliminate the need to take checks to the bank
  3. Enjoy later, daily deposit deadlines
  4. Speed, Savings, Convenience and Security
  5. No need to purchase, install or maintain software
  6. Improves efficiency and profitability




NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

InsBank
2505 21st Avenue South, Suite 204  |  Nashville, TN 37212  |  615.515.BANK  |  866.866.BANK
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