S a n s o n   R o y a l   C a p i t o l
HOA Remote Deposit

HOA Remote Deposit

Online Access and Convenience

The Association Banking group provides a comprehensive array of free online banking services for your community, homeowners or timeshare resort association. You get the flexibility of secure, anytime/anywhere cash management with real-time transactions, inquiries, internal account transfers, stop payments, images and more.

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    How Remote Deposit Works

    HOA Remote Deposit uses a scanner to create check images from your location. These scanned images are then transmitted directly to our central lockbox processing center and into your community association or HOA account. We then convert the images to an electronic file of substitute checks, for fast, safe clearing at the payor’s bank. This service lets you:
  • Scan checks directly to Lockbox without sorting or entering any information
  • Deposit checks directly into a community association or HOA account.
  • Open and fund new accounts, including CDs, CDARS2, ICS and Money Market3 accounts

    Save Time and Trouble

    The one-time setup for HOA Remote Deposit typically takes about 30 minutes, allowing your staff to begin scanning checks almost immediately. We provide the check scanner, and in some cases, we can work with your existing check scanner as long as it is compatible. Sanson Royal Capitol also supplies ink cartridges and scanner cleaning cards as needed.

    With HOA Remote Deposit, you get the benefits of:
  • Streamlined, efficient operations.
  • Improved funds management
  • In most cases, checks scanned before 4:00 p.m. Pacific Time will be posted to the account on the same day.

1. a Business Checking account required. Other related fees may apply. Some products and services may be subject to prior approval or fees. Refer to disclosures provided at account opening, the Business Schedule of Fees, and Pro Forma for additional information. Funds deposited through Remote Deposit Capture will follow Sanson Royal Capitol’s funds availability policy as outlined in the Deposit Account Agreement Disclosure.

2. Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. ICS and CDARS are registered service marks of IntraFi Network LLC.

3. Withdrawal transaction limits apply. Refer to disclosures provided at account opening and the Schedule of Fees and Charges for additional information

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