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Remote Deposit Capture has been called “The most important development the (U.S.) banking industry has seen in years” by the Federal Reserve and others. The benefits of this service, referred to as Remote Deposit Capture (RDC), include:
- Convenience
- Improved deposit availability
- Accelerated clearings

- Reduced return Item risk
- Reduced photo coping cost
- Bank from anywhere
- Reduced transportation cost & risk
It is important to note that not all solutions are the same.
What is Remote Deposit Capture?
Remote Deposit Capture, in its most simple terms, is a service which allows a user to scan checks and transmit the scanned images and / or ACH-data to a bank for posting and clearing. The basic requirements for an RDC service currently include a PC, an internet connection, a check scanner and a service provider such as NorthStar Bank. Checks you receive at your business location can be scanned to create a digital deposit. This digital deposit is then transmitted (using 128K bit encryption) to NorthStar Bank, who posts the deposit to your account and assigns availability based upon availability schedule.
How Much Does it Cost?
At NorthStar Bank your corporate account balances earn you credit to offset the costs of RDC and other services used during the month through our simple Business Account Analysis. The amount of credit you earn is based on the average collected account balance less reserve requirements using the 90 day Treasury Bill Rate minus 75 basis points.
- $65 monthly connectivity charge
- 12¢ per item deposited
- Machine cost to be determined by your individual needs:
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Panini My Vision X SD
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Single Feed
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$920
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$38 per month through Analysis
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Panini My Vision X IF
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Single Feed
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$1,095
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$45 per month through Analysis
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Panini My Vision X30
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30 Document Feed
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$1,220
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$51 per month through Analysis
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Panini My Vision X30
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100 Document Feed
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$1,615
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$67 per month through Analysis
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Panini My Vision X60
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30 Document Feed
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$1,550
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$64 per month through Analysis
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Panini My Vision X60
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100 Document Feed
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$1,945
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$81 per month through Analysis
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$100 Initial set-up and training cost (one time fee)
Optional Warranty for Scanner: $25 per month
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