Business Sense

Security Tips for Remote Deposit

Tuesday, May 13, 2014

If you are a current business user of Remote Deposit Capture or are considering this convenient method for depositing checks without leaving your office, don’t forget security!

  • Is the location of your equipment secure?

  • Who has access and/or authorization to use the equipment?

  • Do you store original documents in a secure location?

  • How often are you shredding orginal documents?

  • What is the quality of your scanned images, can they be easily read?

  • Do you have a procedure in place to protect duplicate scanning?

For more information on the benefits and security of Remote Deposit Capture, feel free to give us a call: (727) 451-2020



NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS 

EFFECTIVE JANUARY 1, 2013

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor’s accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

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


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