Wallet fitted with a tamper-proof seal meaning that it cannot be opened once it has left your premises.
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What is Business Quick Deposit?
Business Quick Deposit (BQD), previously known as FastCash is a quick, easy and secure way for non-personal customers to pay in cash and cheques via the branch network without having to wait whilst the deposit is checked.
Notes, coins, and cheques are sealed in a uniquely barcoded tamper-proof wallet. This wallet can then be paid in at either our branch counter or at an Automated Deposit Unit (also known as a BQD machine) available in branches across Northern Ireland. With either option, an acknowledgement slip is provided which will enable you to verify that the wallet has been received safely.
You will receive same day credit for the stated cash value (if deposited at a branch before 3.30pm), and we will endeavour to count and notify you of any differences.
Fees and charges apply for using this service, please speak to your Relationship Manager for more details.
Is Business Quick Deposit right for me?
You might consider BQD if you:
• Are looking for a secure way to pay in money
• Want to save time when paying in at a branch
• Want same day value on cash deposits* (if deposited before 3:30pm)
• Are paying in an average of between £500 - £10,000 in cash and/or cheques, per deposit
• Have an active Ulster Bank business bank account for more than 90 days
*If your deposit differs to the stated amount once counted, we will let you know by email.
What are the benefits of Business Quick Deposit?
Secure
Quick
Staff no longer have to wait while cash is counted. Using a BQD machine (Automated Deposit Unit) takes less than 1 minute on average.
Traceable
Wallet contains a unique barcode ID that appears on the slip generated by the BQD machine (Automated Deposit Unit) or on the slip stamped at the counter. This enables you to confirm that the sealed tamper-proof wallet has been deposited.
