Skip to content

Electronic Cash Letters

U.S. Bank is offering electronic cash letters depositing for business customers that receive and process payments in their own lockboxes. Using imaging and automated clearing house processes, those businesses can now deposit payments electronically at U.S. Bank, eliminating the need to prepare and transport paper-based cash letter payments. The electronic cash letter deposit allows bank customers to work directly from images without running additional passes of checks and documentation, and extends deposit times to match those of ACH evening deadlines.

Copyright © 2005 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 15, No. 4, 5/05

First published on 05/01/2005

Filed under: 
Filed under operations as: 
Filed under security as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics