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Discussion Boards > Remote Deposit Capture Discussions > RemoteDepositCapture.com's Guide to Restrictive Indorsements View modes: 
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John - 7/10/2018 1:06:12 PM
   
RemoteDepositCapture.com's Guide to Restrictive Indorsements
There are many different ways you can word a restrictive indorsement. Each with their own implications upon risk, law, technology, operations and your customer. We've done quite a bit of homework on the issue and have issued a report identifying several popular options, their respective implications, and what we believe to be the "best" one to use- "RemoteDepositCapture.com's Guide to Restrictive Indorsements". Members can obtain the report for free. Click Here for more information.

Recent Forum Posts

RE:duplicate repeat offenders & contract language

Hello Lynn, We do not have a specific number of occurrences where the customer may be removed from the product.  We do ask they adhere to our Check Safekeeping and Destruction guide which covers duplicates and how to avoid them by ensuring they have a physical endorsement and secured after ...
Posted on 4/20/2022 1:01:14 PM


RE:Analyzed Savings or MMA accounts on RDC

Do you mean RDC into SAV or MMA Accounts?  A consumer could RDC into a SAV or MMA I beleive. But for commercial customers you cant by law in most places co-mingle security deposits with regular funds due to the required accounting of those funds.  It creates a terribly challenging acco...
Posted on 4/5/2022 1:44:40 PM


Analyzed Savings or MMA accounts on RDC

What would be some reasons why a Financial Institution would prohibit (or allow) RDC on Analyzed SAV/MMA? The use case for some businesses, such as Property Management Companies wishing to deposit directly into an Analyzed MMA where security deposits are held, has been brought to our attention, b...
Posted on 3/24/2022 1:25:28 PM