BOFA RDSO

Hi I am interested in having information about Remote Deposit Service Online (RDSO) a web based application by Bank of America Merrill Lynch and its key features?

Bank of America Merrill Lynch Remote Deposit Service Online (RDSO) is a web based application that permits organizations to make electronic stores from their desktops utilizing bank - affirmed scanners. Your approved clients essentially sweep and catch pictures and MICR information of U.S. dollar things drawn on U.S. banks, at that point transmit that information to Bank of America Merrill Lynch utilizing an encoded web association.

RDSO can enable you to:

• Expedite check preparing and store accessibility — while taking out representative treks to the bank.

• Increase speedier access to money with quickened accessibility plans — which can give diminished buoy versus checks kept at a keeping money focus.

• Better deal with your records and clients online continuously — particularly helpful in high - turnover ventures.

Key elements

RDSO's one of a kind elements can be customized to meet the particular necessities of your business.

• Stretched out preparing day permits you to:

Exploit the most recent store due dates in the industry for same - day record credit

Meet your store due dates by making stores in your office or installment accumulation site

Make stores after the end of business, on ends of the week or occasions and access stores more quickly than if saved at a managing an account focus

Wipe out worker outings to keeping money communities for manual stores

Diminish charges connected with messenger and transportation cost for go to the bank

• Bring together your compromise procedure by permitting clients to get to information caught at one site from a substitute area

• Diminish partial buoy of things handled through Remote Deposit

• Exploit prompt accessibility of all On things, notwithstanding where they are drawn

• Auto - populate dull data, into custom fields what's more, decrease manual information section works and keying blunders Customization

• Set extra custom fields to catch receipt number or markdown sum

• Filter standard check measure settlement containing MICR/OCR/BARCODE in various fonts and fare the related information

• Clear things electronically utilizing Check 21 rules or through ACH ARC/BOC Expanded check and client misrepresentation controls Enhance misrepresentation control by utilizing:

• Programmed copy thing recognition (Proceeded)

"Bank of America Merrill Lynch" is the advertising name for the worldwide managing an account and worldwide markets organizations of Bank of

America Corporation. Loaning, subordinates, and other business saving money exercises are performed all around by saving money offshoots of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, key consultative, and other investment keeping money exercises are performed all around by venture saving money offshoots of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, Merrill Lynch, Pierce, Fenner and Smith Incorporated and Merrill Lynch Profession al Clearing Corp., all of which are enlisted dealer - merchants and individuals from FINRA and SIPC, and, in different wards, by privately enlisted Are Not Bank Guaranteed.

• Sped up returns and modification handling through electronic channels

• Customer - characterized tables recognizing things to be hailed for administrator survey Client administration Control setup and upkeep with our advantageous self - benefit highlight to:

• Set thing and store limits at the client level

• Utilize the examination capacity to accommodate things, pictures (45 days) or information (90 days), along these lines diminishing calls to customer benefit focuses

Web preparing

The web preparing abbreviates the posting and compromise prepare — with no restriction to the quantity of deposits that you can make every day.

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