Checkmate Deposit
Checkmate Deposit

Save your business

time and money

Checkmate Deposit

Checkmate DepositSM can save your business time and money and make your funds available faster than before.

What is it?

Checkmate Deposit is a product that allows businesses like yours to deposit customers’ checks electronically from a computer at your location, virtually eliminating the need for deposit trips to the bank. Checkmate Deposit uses simple yet secure technology to give you more time, cost savings, and better security.

The benefits include:

  • Saves Money and Time: When you make a deposit by 7 p.m., Checkmate Deposit gives you same day credit with funds availability the following business day.1 You can deposit checks from multiple business locations into one account without expensive couriers, employee travel, or bulk deposit preparation.
  • Reduce Security Risks: Checkmate Deposit helps you reduce security risks associated with carrying checks to and from the bank. Your business checks cross fewer hands on their way to being deposited, helping to reduce fraud opportunities.
  • Peace of Mind: You identify who is authorized to make deposits through a private, secure login process. Dual approval is available for internal audit controls and your information is secured with 128-bit encryption, a high level of online data protection. You can also review your account history at any time.
  • 24/7 Convenience: Have checks you need deposited after bank hours? No problem. Checkmate Deposit can be used any time of the day, seven days a week. Deposit funds as frequently as you’d like, whenever it’s most convenient for you.

How does it work?

Making a Checkmate Deposit is as simple as scanning a check and transmitting it electronically. Special desktop scanners create an image of the front and back of the checks you want to deposit. You can view images of your scanned checks and total amount to be deposited right from your computer. The final step is to send your deposit to West Bank through a secure online connection without ever leaving your business. Enjoy having funds available faster than ever!

Contact Us

To find out more about Checkmate Deposit, contact our Treasury Management team at 515-222-2300 or 1-800-810-2301.


Funds Availability

Funds from all deposited checks are available on the next business day after the banking day of deposit.

If we place a hold to collect funds from deposited checks, funds will be available on the second business day after the date of deposit.

In some circumstances, funds from deposited checks may be delayed for a longer period, and will generally be available on the seventh business day after the date of deposit.

Please refer to the Funds Availability Notice for details.

Interactive Video Player