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CXI Introduces New Digital Remote Deposit For Canadian Checks

Ryan April 30th, 2018
CXI Introduces New Digital Remote Deposit For Canadian Checks


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Currency Exchange International (CXI) is proud to introduce Digital Remote Deposit. It's the new solution for corporations and financial institutions to clear all foreign checks drawn on Canadian financial institutions.

Welcome to your faster, safer, and more secure way to clear your Canadian checks with:

 Real-time MICR validation and transmission to expedite reconciliation time

 Reduced potential delays, errors, and fees for an enhanced processing experience

  Utilize established resources to take advantage of digital remote deposit technology


“More than 95% of all foreign checks CXI currently processes can be cleared through digital remote deposit, simplifying the end-to-end process for our clients and allowing for faster clearing for many items,” said Bob Dowd, Senior Vice President at Currency Exchange International.

“Nearly all financial institutions are equipped to scan U.S. checks and they’ve just been waiting for a solution to improve their foreign check process for their most common foreign checks – Canadian items.”

We invite you to experience a groundbreaking new way to clear your foreign checks drawn on Canadian financial institutions and improve your accuracy, security, and transmission time with CXI starting now.


The remote deposit capture technology utilized in Digital Remove Deposit is equipped with easy to use customizable features when you enable this new solution. It’s also easy to deploy, implement, and maintain.

Businesses and financial institutions of all sizes can now take advantage of the convenience and cost savings associated with Digital Remote Deposit (DRD) including these main benefits: 

What are the potential Benefits of Digital Remote Deposit?

Reduces Operational Costs
Clears Checks Faster
Compliant and Secure
Reduces Labor Time
Minimizes Check Errors
user friendly
Intuitive Interface


Update your foreign check clearing process with Digital Remote Deposit and your organization will experience a whole new convenient level of check clearing between the United States and Canada.

Visit our case studies and resources page now >


About Currency Exchange International
Currency Exchange International (CXI) is a leading provider of foreign currency exchange services in North America for financial institutions, corporations and travelers. Products and services for international travelers include access to buy and sell more than 90 foreign currencies, multi-currency cash passport’s, traveler’s cheques and gold bullion coins and bars. For financial institutions and corporations, our services include the exchange of foreign currencies, international wire transfers, global EFT, the purchase and sale of foreign bank drafts, international traveler’s cheques, and foreign cheque clearing through the use of CXI’s innovative CEIFX web-based FX software https://www.ceifx.com/


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Tags: Ceifx, Service