BANK ON IT
NEW MACHINES FOR BUSINESSES SCAN CHEQUES FOR DEPOSITS WITHOUT THE LINEUP
Prospera Credit Union's new cheque scanner.
JESSICA THIESSEN, PROSPERA CREDIT UNION—SUBMITTED PHOTO
rospera Credit Union is pleased to announce the launch of a new electronic cheque deposit service for business members dubbed, “Advanced Business Deposit,” or ABD. This new service allows business members to remotely scan and deposit cheques without having to make a trip into the branch.
Before ABD, business members needed to make a trip down to their local branch to ensure their funds were being deposited in a timely manner. Trying to make it to a branch during business hours, while running a business can be a daunting task. Often, employers end up paying staff to prepare and deliver deposits on work time, which adds cost and risk to their business processes.
“Cash flow is king for business owners, so anytime we can save them a step in the deposit process – it’s a big win,” said Ed Michielsen, Vice President, Business Banking.
Advanced Business Deposit is a hardware and software solution that enables members to use a cheque scanner to make their cheque deposits to their Prospera operating accounts in real time from their home or place of business.
“We are excited to offer this new convenient service and really want to help our business members achieve success by providing a digital solution that will give them back time and allow them to focus on their business,” said Stacey Irwin, Senior Manager, Digital Banking.
A soft launch of Advanced
Business Deposit started in Fall 2018 and the initial response from members has
been incredible. “The feedback from all of our business members using the ABD
service has been entirely positive. From the ease of the initial setup, to the
convenience and simplicity of processing the deposits, the experience for all of
them has been excellent and the value received through use of the service has
been significant,” said Prospera’s Manager of Cash Management, Jim Brown.
About Prospera Credit Union
Building on over 75 years
as a BC credit union, Prospera is proud to serve communities from Vancouver to
Kelowna. As a member-owned financial institution, our number one priority is the
financial well-being of families and businesses in our local communities and our
dedicated team is here to serve all their banking, lending, investing and
insurance needs. As a member of The Exchange network, our members also enjoy
access to more than 4,000 surcharge free ATMs across Canada (that’s right, no
Making life better for everyone is important at Prospera, which has an extensive community investment program. To learn more about our community investment programs, check us out on YouTube, Facebook, Instagram and Twitter.
For all the latest news from Prospera Credit Union, visit our newsroom online at prospera.ca.