Remote Deposit Capture RSS Feed
Remote Deposit Capture Newsletter
Remote Deposit Capture Group on LinkedIn
Remote Deposit Capture Group onTwitter
The Green Sheet

Email Page 
Print Page 
 Add to LinkedIn Add to Twitter Add to Facebook Add to Reddit Add to StumbleUpon 
Add to Tumblr
Search discussion boards: 

Remote Deposit Capture Discussion Boards

The Remote Deposit Capture Discussion Boards are open to the entire industry. Post comments, share news, ask questions and more with professionals from throughout the industry.
Go back to Discussion Boards
Remote Deposit Capture Discussions Discuss the ins-&-outs of Remote Deposit Capture here. No vendor solicitations here please.
Discussion Boards > Remote Deposit Capture Discussions > Example Policy View modes: 
User avatar
kmcdonald - 8/5/2021 9:20:40 AM
Example Policy
Hello, I recently took over our RDC program and currently reviewing/updating our existing RDC policy and have come to the conclusion it's 12 pages too long. I was wondering if anyone is willing to share theirs as an example? Or know where I could find one? I would like to keep it simple and to the point, but am having difficulty doing this.

I see that this question was asked earlier in the year, however there were no responses so I thought I would "throw" it out there again.

Thank you!

User avatar
djmcneff - 8/6/2021 4:38:37 PM
RE:Example Policy
I just updated our commercial RDC policy and aligned it directly with the 2006 FFIEC guidelines.   Happy to share

User avatar
kmcdonald - 8/11/2021 9:00:44 AM
RE:Example Policy
If you wouldn't mind sharing it, that would be very helpful. Thank you!

User avatar
djmcneff - 9/30/2021 1:20:55 PM
RE:Example Policy
Sorry for the delay!

User avatar
djmcneff - 10/4/2021 6:46:59 PM
RE:Example Policy
Hi.  I apologize but I have been advised by our legal department that I cannot share our policy within this forum.   What I can do is share the intro and topic areas that it covers.   I took these heading by heading from the 2009 FFIEC RDC Guidance document.  Hope this helps!


This document establishes  the formal risk management policy of Fifth Third Bank (“Fifth Third”) to effectively mitigate, measure and monitor the risks associated with Electronic Deposit Manager based on the guidelines contained in the Federal Reserve document FFIEC Risk Management of Remote Deposit Capture (RDC) dated 2009.  This policy establishes Fifth Third’s risk tolerance
levels, internal procedures and controls, risk transfer mechanisms where appropriate and
available, and well-designed contracts that meet our risk management needs.
This Policy covers the following items for Electronic Deposit Manager:
Continuous Risk Assessment
  • Risk management scope
  • Product management oversight
Legal and Compliance Risk Management
  • Funds Availability, Returned Items and Disputes
  • Bank Secrecy/AML Compliance
  • Operational Risk
  • Client Document Management
  • System Access and Authentication
Risk Mitigation and Controls
  • Customer Due Diligence and Suitability
  • Customer  Contracts, Training, Site Visits,Self Assessments
  • Vendor Due Diligence and Suitability
  • Business Continuity
  • Oversight and Monitoring of Questionable or Fraudulent Activity

User avatar
kmcdonald - 11/24/2021 10:24:01 AM
RE:Example Policy
Totally understand, thank you so much for sharing what you were able to!

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