Deposit Multiple Cheques In A Single Session And Speed Up Your Business Processes
Cheque-Pro is the new electronic cheque depositing solution from RBC Royal Bank®. It’s ideal for businesses that deposit 25 or more cheques a month, have more than one office making deposits, or are not conveniently located near a branch.
Benefits Of Cheque-Pro
- Receive same-day credit on deposits made before 10 p.m. EST on regular business days1
- Reduce your operating costs and streamline your deposit processes
- Save money on couriers and transportation costs
- Capture and store cheque deposit data2
- Access multiple reporting options to view, export and print information captured during your deposit sessions
- Choose Cheque-Pro or Cheque-Pro Plus
Deposit At The Speed Of Business With Cheque-Pro
Electronically Depositing Your Cheques Through Cheque-Pro Is Fast And Easy:
- Gather your cheques for deposit
- Enter the total amount to be deposited
- Scan your cheques
- Confirm the deposit and that the totals balance
- Submit your deposit to RBC
- Your deposit is posted right to your account, with no trip to the bank or courier required
It’s Safe And Secure
Cheque-Pro is backed by the security of RBC Express online banking and RBC Online Banking for business. RBC uses state-of-the-art technology and rigorous security protocols to help protect your accounts from unauthorized transactions.
Cheque-Pro Plus Offers Additional Reporting And Search Capabilities.
Cheque-Pro Plus is as fast and easy as Cheque-Pro and includes the same Deposit Details Report available in Cheque-Pro, with additional reporting capabilities that will make integrating deposit information into your software even easier. Reports such as:
- Daily Deposit Summary Report
- Deposit Details by Deposit Number Report
- Detailed Item Export Report
In addition, Cheque-Pro Plus allows you to extract deposit notes, create QuickBooks‡ custom fields that can be integrated into your software or generate CSV reports that can integrate into your software.
It’s Safe And Secure
Cheque-Pro is backed by the security of RBC Express online banking and RBC Online Banking for business. RBC uses state-of-the-art technology and rigorous security protocols to help protect your accounts from unauthorized transactions.
Frequently Asked Questions About Cheque-Pro
Q1: What is Cheque-Pro™?Cheque-Pro™ is a new remote depositing service that will allow you to electronically deposit cheques to your RBC Royal Bank® CAD or USD business accounts through RBC Express® online banking or RBC Online Banking for business.
Cheque-Pro is ideal for businesses that deposit 25 or more cheques a month, have more than one office making deposits, or are not conveniently located near a branch.
- Reduce the number of trips you or your staff are taking to the bank.
- Reduce courier fees for delivering cheques to the bank.
- Receive same-day credit on deposits made before 10 p.m. EST during regular business days1.
- Improve account reconciliation.
- Decrease account adjustments since deposits must balance before being submitted through Cheque-Pro.
- Capture and reconcile cheque deposit details from multiple locations to one central location.
- View, print, and save the front and back of your cheque images2.
In order to use Cheque-Pro, you will need to be enrolled in RBC Express online banking or RBC Online Banking for business and ensure that your business accounts are accessible on the platform. You will also need to purchase and set-up a compatible digital cheque scanner.
No, RBC will not be supplying the scanner. Scanners must be purchased separately. Cheque-Pro can support a variety of cheque-scanner manufacturers and models. Your RBC account manager can discuss the requirements and options to help you acquire a scanner.
Cheque-Pro will benefit from the same security measures that exist today when using RBC Express online banking or RBC Online Banking for business.
With Cheque-Pro, you will have the ability to make cheque deposits using RBC Express online banking from multiple locations. RBC Express allows you to set-up multiple users at different locations. You will require a cheque scanner at each location to use Cheque-Pro.
It’s important to understand how Cheque-Pro may impact your existing accounts receivable and routine deposit processes, such as:
- Number of scanners required
- Locations that will be using the service
- Reporting requirements
- Transportation/courier arrangements and existing deposit channels used
- Secure storage and destruction of physical cheques
The monthly service fee for Cheque-Pro or Cheque-Pro Plus will be charged per scanner, and debited to your designated RBC CAD business account for the number of scanners used by your business. Your existing fees will also apply for account transactions and other services.
To enrol in Cheque-Pro, please contact your RBC account manager or Cash Management Specialist.
Get Started In Two Easy Steps:
Step 1: Enrol In Cheque-Pro Or Cheque-Pro Plus
Contact your RBC Account Manager or Cash Management Specialist to start the enrolment process. Once enrolled, you’ll have access to Cheque-Pro from your RBC Express® online banking or RBC Online Banking for business.
Step 2: Purchase A Compatible Scanner
Before you can start scanning your cheques you will need to purchase and set-up a cheque scanner. There are many compatible electronic scanners available to you. One option is to source your scanner from CashTech Currency Products Inc.
Talk to your RBC Account Manager to find out about preferred pricing for RBC clients.
