Electronic Cash Letter
Reduce costs and save time on check processing with Electronic Cash Letter services.
Deposit your checks without making a trip to the bank. Fifth Third Bank’s Electronic Cash Letter (ECL) Service allows you to capture checks using your internal check processing systems, collect the images of these items into an industry standard image cash letter, and transmit the electronic items to Fifth Third Bank for deposit.
By taking control of cash letter quality with electronic check processing you can:
- Streamline deposit preparation
- Expedite funds availability
- Experience fewer rejects and adjustments
- Reduce the costs, time and risks involved with transporting paper checks to the bank so you can invest that time and working capital where you really need it
Improve your funds availability and check processing security with our advanced image-based technology.
We have a strategic commitment to invest in image technologies and to deliver cost-effective solutions that lower your costs and help you improve your funds availability. In addition, this technology can help minimize the risk of fraud. You can transfer image files quickly and easily via standard communication protocol or through our secure online portal, Fifth Third DirectSM.
Put our experience to work for you.
By leveraging Fifth Third Bank’s relationships with all major telecommunications companies, you can achieve faster, cost-effective conversions and reliable connectivity. Fifth Third Bank maintains award winning secure data connectivity, while processing more than ten billion ATM, debit and merchant transactions per year for more than 198,000 retail locations and financial institutions worldwide.
Find out more about our Biller Direct solution. Contact a Treasury Management Officer or a Relationship Manager.