Centralized Deposit Processing
Centralized Deposit Processing (CDP) is a method of deposit processing that reduces time spent waiting on teller verification of your deposits. This system utilizes tamper-evident, disposable deposit bags that contain separate "pockets" for cash and checks. You spend less time in teller lines, and still receive same-day credit for your deposits.
Benefits
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Allows for receipt of a teller-validated deposit slip at time of deposit.
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Eliminates picking up night depository bags the following day.
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Minimizes the need to concentrate funds from multiple financial institutions.
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Enables companies with multiple locations to consolidate deposits into one account.
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Financial Position Update |
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