What Is NorthSide OnSite?

NorthSide OnSite allows your business to deposit checks into your NorthSide Bank account electronically from your office, anytime, any day! This is made possible by the Check Clearing for the 21st Century Act (Check 21) which took effect in October 2004. It made a “substitute check” the legal equivalent of the original check. A “substitute check” is an image of the original check with some additional routing information. This allows organizations to convert the paper checks they receive into electronic images.

You can deposit checks using your computer and a desk top scanner located at your own business site. Each check scanned for deposit generates an electronic image that is transmitted directly to a central processing center, working its way into the collection stream faster than a paper check and making funds available sooner.

Is NorthSide OnSite Right for You?

• Have multiple locations?
• Make deposits after normal banking hours?
• Pay transportation costs to deliver deposits?
• Receive high check volume and low cash volume?
• Receive large checks?
• Have checks sitting on your desk for more than a day?
• Want access to your money faster?
• Have safety concerns about employees driving to the bank daily?
• Have trouble finding the time to go to the bank?

If you answered YES to any of the above questions, then NorthSide OnSite may benefit your company. We will be glad to give you a free, in-office demo of the program.

Benefits

Less time driving to the bank.
The process is entirely electronic, so no one needs to leave the office.

Convenient 24-hour deposit capability.
You can deposit checks anytime, multiple times, even nights, weekends, and holidays. And you can do it from your own office.

Faster funds availability to your account.
Checks you submit for deposit clear faster. Cash flow is increased due to being able to deposit daily.

Reduced deposit collection costs.
You can consolidate regional or nationwide deposits into a single account, which decreases collection costs.

Decreased fraud risk.
The shorter time frame offers you better protection against check fraud.

Lower check preparation costs and time.
Less time spent filling out deposit slips or making photocopies of the checks you receive. Much of the labor of check preparation is eliminated, lowering deposit costs and reducing employee hours.

Ease of getting started.
To start using the service, you need only to sign an agreement and have or open a NorthSide Bank Business Checking Account.

What Is the Cost?

NorthSide OnSite makes electronic deposits into your NorthSide Bank Business Checking Account. There is a $75 monthly maintenance fee for NorthSide OnSite. All other fees are the regular fees that apply to your NorthSide Bank Business Checking Account.

***Depending on account balances, service charge may be reduced or eliminated with the NorthStar Business Analysis Account earnings credit.***