Bank deposit method
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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Oct 11, 2011
Grant Date -
N/A
app pub date -
Oct 7, 2009
filing date -
Jul 10, 2006
priority date (Note) -
In Force
status (Latency Note)
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Abstract
According to the present invention, a business is issued a deposit card readable on a debit card reader enabling the business to transmit deposit information to its bank or financial institution for crediting rather than debiting of its account. More particularly, a method is provided for facilitating bank deposits for a business having a debit card reader configured to send deposit information to a bank at which the business maintains at least one account. The method comprises the steps of: (i) compiling deposit information concerning cash and negotiable instruments to be deposited in the account; (ii) transmitting the deposit information to the bank via the debit card reader; (iii) consolidating the cash and negotiable instruments into a deposit package; (iv) labelling the deposit package to link it to the deposit information in step (ii); and, (v) delivering the deposit package from step (iv) to the bank.
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