Calculate Your Savings
These calculations are estimates and are for the purpose of establishing known costs for comparison of manual check deposit against electronic check deposit.
How much can electronic deposit save you?
| How many checks do you process each month? | per month |
| How many deposits do you make each month? | per month |
| How far away is your bank? | miles |
| How much time do you spend making a deposit? (Copying checks, deposit slips, driving, standing in line, etc.) |
minutes |
| How much is your time worth? | $ per hour |
| Average price of a gallon of gas: | $ per gallon |
| Lost man hours per year: | |
Can electronic deposit help the environment?
- You would save gallons of gas per year.
- That’s barrels of oil.
- That’s pounds of carbon emissions
- It’s like trees cleaning the air we breathe!
Estimated Gross Annual Savings:
Estimated Net Annual Savings:
Compared against 1 year monthly fees under plan 1
Calculations are based on the Energy Information Administration’s published estimate of 19.6 gallons of finished gasoline, plus byproducts, per barrel of oil refined, the U.S. Environmental Protection Agency’s published figure of 8.8kg carbon dioxide produced per gallon of gasoline and the USDA Forest Service Center for Urban Forest Research based on estimated 330 pounds of carbon dioxide consumed per tree annually