How do I create a new deposit in BMO DepositEdge?

To create a new deposit, you’ll need to complete these steps:

1. Capture
2. Correct (optional)
3. Balance
4. Review

Step 1: Capture

1. In Online Banking for Business, select the Payments & Receivables tab.
2. Under “DepositEdge”, choose BMO DepositEdge.
3. Select Deposits.
4. Under “Create Deposit”, choose a Primary Deposit Account or type in the account number.
5. Enter the total deposit amount of all checks into the “Deposit Control Total”.
6. When the “Capture Items” screen appears, load your checks into the scanner and select Start Scan. Items are automatically fed through the scanner and added to the deposit.
7. When all checks have been scanned, select Stop Scan.
8. Select Proceed.

If any items need to be corrected, continue to Step 2. If not, please continue to Step 3.

Step 2: Correct

This option will only appear if a cheque has exceptions.

1. To accept an item and include it in your deposit, select Accept.
2. To remove an item from your deposit, select Remove Item.

Once the last item has been corrected, you’ll be asked to balance your deposit in Step 3.

Step 3: Balance

1. Check that the amounts in the “Deposits” and “Deposit Control Total” fields match. If not, select Balance Deposit and determine the correct amount. The difference must be $0.00 to continue.
2. Update the amount and select Balance Deposit.
3. Select Proceed.

Step 4: Review

1. Verify the details of the deposit and select Submit Deposit.
   Note: If Deposit Approval is enabled, this step will need to be completed by an approver.

You’ve successfully created a new deposit. Deposits finalized before 8:00 p.m. CT will be credited to your account on the same day. Deposits made after the cut-off time or on non-business days will be posted to your account on the next business day.

Note: Please store your scanned checks in a secure location for up to 45 calendar days. After 45 days, you can dispose of them safely.