Cut Time & Costs by Moving to Electronic Cash Letters

Relying on paper cash letters slows down your deposit operations and drives up costs. Each paper item must be physically transported for processing, adding delays and daily courier expenses. On top of that, the Federal Reserve charges more to process paper, which cuts further into your bottom line. Shifting to electronic cash letters (ECLs) is a clear step towards modernization. Remove these inefficiencies, lower costs, accelerate funds availability, and streamline your operations — all while setting your institution up for a faster, more modern deposit workflow that scales.

Learn more about the benefits in this document.