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What kind of fees are you paying with your local bank? A small business can spend a significant portion of their funds covering the fees associated with their banking. That is not fair to small businesses that are often running on low profit margins already. A smart business owner will start looking for alternatives to these high fees. One major option to consider is free remote deposit banking. With recent legal changes in banking law, there are more options available to the small business owner. Here are some reasons for choosing free remote deposit banking over a local bank: 1. You should not have to put your security into jeopardy. If you make deposits every day, you are putting you or an employee in jeopardy. Deposits of checks are essential for many businesses to run. However, with criminals looking for every opportunity, there is always a chance that you or an employee could be robbed before you can complete a deposit. Many banks have taken security measures, but if you can avoid the problem completely, it is the smart thing to do. 2. Free remote deposit banking allows you to clear checks quicker. Not only can you deposit checks faster, you can clear them faster as well. When you do a manual deposit at a local branch, the check has to go through manual processing. This holds up the funds going into your account. With remote deposit, the manual processing is eliminated. Your funds become available that much faster. 3. You can increase your productivity. When you no longer have to make side trips to the bank, you have more free time to perform money making tasks. Bank deposits are important. However, when you can spend extra time each day making money, you will have more opportunities to make profits for the business. 4. You have greater convenience. You do not have to worry about finding a bank with a deposit window close to where you will be on a given day. You will not have to leave the office or home to make the deposit. That is much more convenient for the average business owner. If you have an employee that makes the deposit, you will make their work life easier as well. No matter why you choose to use free remote deposit banking, the choice is a simple one. Unless you need to make large cash deposits regularly, there is no need to keep using a local bank. You can save money and time when you choose a bank that offers you remote deposit options.
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