Bank to offer check deposits over the Internet

Madison, Wis. — First Business Bank plans to launch a remote direct-deposit service that it says is a first in Dane County.

Companies that purchased the service would use a special scanner to send check images over the Internet to the bank, where they would be processed, verified and deposited. It's a concept that First Business Bank president and COO Michael Losenegger said has taken off in other geographic markets.

The service would eliminate trips to the bank and allow distant offices to consolidate deposits in one account. Deposits could also be available more quickly.