Custom Endorsement Stamps Increase Banking Transaction Efficiency
Posted on: 19 December 2013
One of the greatest things about custom endorsement stamps is the fact that they can increase the rate of efficiency at which you perform your banking transactions. As you are already aware, all it takes is one small mistake with a deposit to your financial institution to cause a number of issues. These mistakes will typically put a halt to your deposit and cause you to have to wait longer to access your funds. With an endorsement stamp, all of the important deposit account information is already included, so there is far less occurrence of error when making your deposits. While this is beneficial for those people who only need to make deposits to one account, it is extremely important for those people who need to make deposits to multiple accounts. Trying to remember all the specific information for each account is more than a notion. Instead of worrying about sending a particular deposit to the wrong account you can perform these transactions with greater confidence. Faster Deposits With custom endorsement stamps, you can generally expect to get access to your funds faster. The primary reason this is true is because of the elimination of inaccuracies when it comes to your check endorsements. Since each check is endorsed with a stamp that is specifically designed with your information on it, each deposit will be more accurate. When you consider the cost of your day-to-day operations, you realize just how important it is to keep revenue flowing throughout your business. When a customer writes a check to you, this is generally for a product or service that has already been rendered to the customer. Each day that you are forced to wait for receipt of these funds is a day that you are technically operating with insufficient operational cost. These custom stamps help to prevent this and get you your funds faster. Easy to Maintain Custom endorsement stamps are also very easy to maintain. After you have had the stamp designed, all you'll have to do to maintain it is simply replace the ink cartridge from time to time. Not only is the initial cost of the stamp design low cost, but the cost of the ink replacements are also very low in cost as well. As a general rule of thumb, it is a good idea to have more than one stamp created in case you ever experience an issue with the stamp. The same is true when it comes to the number of ink cartridges you want to have on hand as well. Minimizing Preventable Loss When you hire an employee you will typically go through an interview process where you check references and for some positions, you might even perform a background check. While all of the information collected helps you to verify the character and trustworthiness of the employee, there is no fool-proof way to ensure an employee will never try to steal from you. Consequently, it is important that you put measures in place to avoid this on your own. Believe it or not, there are employees who have been charged with the responsibility of making bank deposits that have actually been accused of taking customer checks and depositing them into their own accounts. With custom endorsement stamps, you can prevent this from happening. You can simply include "for deposit only" only your stamp design so that the checks can only be deposited into your account, instead of being cashed by another employee. This simple step can do a lot when it comes to stopping preventable loss for your business. As an additional step, it is also important to ensure that you are keeping your endorsement stamps is locked location as well. Share