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Description Facilities Title

This is an over-the-counter (OTC) facility offered to payee corporations to capture specific description and reference numbers, which will be used to reconcile their deposit transactions. Deposits can be made by cash OTC or via cheque deposit machines using pay-in slips, to be captured by tellers or outsourced vendors.

Features & Benefits

 
Flexibility in transactions
  There is a range of methods available for deposits, through either cheque or cash deposits.
Simpler accounts reconciliation
  Description and reference numbers provide a simplified manner by which organisations are able to reconcile their accounts.
Security
  The facility provides comprehensive security on all deposits, whether through OTC procedures or cheque deposit facilities

 

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Important Notice! Please read. - last update 28 Apr 2011

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