The Image Deposit Exchange (The Exchange) clearing network allows any business to process and clear a captured image of a check right in their office and securely make an electronic deposit into their current checking account. You'll reduce the costs of check processing and transportation, and gain the convenience of extended deposit cutoffs, faster notification of returned items and quicker availability of funds, right from your desktop.
Application Form
To start taking advantage of the benefits of electronic check clearing with The Exchange, please download and return our Merchant Application form.
About The Exchange Check Clearing Network
The Image Deposit Exchange clearing network (The Exchange) is committed to providing a complete image deposit check processing solution to our member financial institutions, check imaging software developers and business customers across the U.S. Our purpose is to replace the manual process of moving paper checks with an electronic image-based transaction that speeds clearing and settlement.
The Exchange allows our members to take full advantage of Check 21 legislation by shortening the collection and processing cycle, saving time and operating expenses. The Exchange gives your business:
· Accelerated check clearing capabilities
· Deposits directly into your existing bank account
· Extended deposit cutoff times
· Improved cash flow
