Peapack Private Bank Launches Remote Check Printing for Real Estate Closings
PGC•Peapack Private Bank & Trust has introduced Remote Official Check printing technology, enabling clients to issue secured bank checks for real estate closings from offsite locations. The service should speed closings, cut delays and attract new deposits across East Coast markets including New York City.
1. Launch of Remote Official Check Printing
Peapack Private Bank & Trust has rolled out Remote Official Check printing, allowing approved real estate professionals, law firms and escrow companies to generate official bank checks from designated offsite locations without visiting a branch.
2. Acceleration of Real Estate Closings
By issuing checks on demand, the technology reduces administrative delays and branch dependencies, helping clients close transactions faster across multiple markets, with particular advantages in time-sensitive New York City closings.
3. Deposit Growth and Fee Income Potential
Extending payment services beyond physical branches positions the bank to capture new deposits and boost treasury management fee income from commercial customers seeking efficient, on-demand payment solutions.
4. Security and Technology Partnership
Peapack partnered with AP Technology’s APSecure platform to maintain bank-level security, compliance and audit controls, ensuring remote check issuance meets strict standards for authenticity and fraud prevention.
