Branch Deposit Reporting
Simplified Summary of Deposits form submission
Branch Deposit Reporting allows financial institutions to electronically prepare and submit their FDIC Summary of Deposits reports. The system automatically populates the electronic report template with the most current branch data filed with the FDIC. Easy-to-use edit capabilities allow the deposit amounts to be easily updated. Automated edit checks ensure that current deposit amounts and ownership information are correct. Branch Deposit Reporting significantly expedites report preparation and submission. Regardless of the size of the financial institution – from one or 100 branches this product provides an extended submission deadline granted by the FDIC for electronic filings.
What It Does
Allows a financial institution to electronically prepare and submit the FDIC Summary of Deposits.
Includes the financial institution’s most current branch data on file with the FDIC.
Provides edit checks to ensure that ownership information and deposit numbers are correct.
What It Does For Me
Allows reports to be developed quickly.
Minimizes errors.
Speeds the process whether an institution has one branch or 100 branches.
Offers an extended filing deadline.
Saves money on shipping and handling by choosing to download the software.