U.S. Bank Treasury Management

Related Links
Achieve Your Goals
Products & Services

Collection Check Payments

Solutions for Depositing Checks

If your company accepts checks for payments, you will definitely want to consider our U.S. Bank Check Collection services. They range from outsourcing your payment processing to U.S. Bank, to converting paper checks to ACH items onsite, to expediting cash letter processing if you operate lockbox processing in-house. We will work with you to recommend the right payment processing solution for your business.

Cash Letter

U.S. Bank operates one of the largest check collection services in the country, processing more than 315 million checks per month. We maintain state-of-the-art equipment and have an extensive check-clearing network. By delivering your pre-encoded check deposits directly to one or more of our check processing centers located in several states you can:
  • Enhance funds availability by delivering checks at key deposit deadlines for your item mix
  • Benefit from flexible processing arrangements for multiple deposits throughout the day, including evenings and weekends, as well as extended deadlines for pre-sorted work

Back to Top

Electronic Cash Letter Deposit

If you process high volumes of payments, Electronic Cash Letter Deposit enables you to deposit all checks electronically. We then convert eligible checks to ACH payments and process ineligible checks (such as corporate checks and money orders) as an image check deposit. With Electronic Cash Letter Deposit you can also:
  • Make cash letter deposits electronically
  • Streamline banking relationships
  • Convert eligible checks to ACH debits
  • Reduce the time it takes to prepare cash letter deposits
  • Improve collection rates on returned items
  • Receive robust information reporting
  • Avoid the inevitable increase in check processing costs

Back to Top

Electronic Check Service

Electronic Check Service converts checks to safe, efficient electronic transactions at the point of sale. Take advantage of existing credit card processing technology to lower your costs, save time and optimize your cash flow:
  • Reduce check acceptance risk
  • Accelerate funds availability
  • Consolidate banking relationships
  • Concentrate funds quicker and more accurately
  • Increase collection rates
  • Expedite end-of-day processing
Learn more about our latest solution for retailers

Back to Top

Image Cash Letter

Organizations handling a large volume of check payments can transmit deposits electronically into their U.S. Bank account from one or multiple locations. With the largest check collection operation in the nation, U.S. Bank offers the most efficient and effective electronic clearing channels. Organizations achieve increased efficiency and may lower their costs by reducing or eliminating handling of checks and daily deposit runs.
  • Enhance security by electronic clearing of checks in significantly less time than paper checks
  • Extend deposit deadlines to same-day ledger credit
  • Accelerate funds availability through electronic clearing of checks
  • Concentrate funds into single or multiple accounts regardless of geography
  • Access to simplified deposit reporting through U.S. Bank SinglePoint®, our integrated suite of treasury management services

Back to Top

On-Site Electronic Deposit

You can electronically deposit check payments as soon as you receive them, from multiple locations to multiple U.S. Bank accounts. Our remote deposit solution, On-Site Electronic Deposit, simplifies the deposit process, saving you time and improving efficiency.
  • Electronically deposit paper checks from multiple locations to one or more U.S. Bank accounts
  • Make deposits to U.S. Bank using a desktop scanner or a supported mobile device.
  • Scan remittance coupons, including full-page remittance documents, and automatically capture payment information to accelerate posting of payments.
  • Download reports in multiple formats for easy integration with your accounts receivable systems.
  • Deposit checks regardless of your geographic location, and reduce the need for multiple bank relationships.

Extend beyond your brick and mortar locations with On-Site Electronic Deposit Mobile
  • Make check deposits using your mobile device.
  • Enable employees to make deposits from the field, expediting deposits and eliminating the need to return to the office or visit a branch to make check deposits.
  • Capture remittance information and images with check deposits to post payment information to your accounts receivable system in an automated fashion.
  • Elect to review and approve deposits in the back-office for increased security and control.

Learn more

For more information on these services, please contact us.

You will need Internet access on your mobile device and may be charged access fees by your carrier, dependent upon your mobile plan. Check with your carrier for details on specific fees and charges. Deposit products offered by U.S. Bank National Association. Member FDIC.

Member FDIC
Account Login

U.S. Bank Commercial Business Logins

TrustNow Essentials