NAF cashiers to use electronic deposit check system Published Aug. 16, 2011 By Andrea Guadarrama Air Force Services Agency Treasury Division SAN ANTONIO -- Nonappropriated fund central cashiers have a new way to electronically deposit checks, thanks to the U.S. Department of Treasury's OTCnet system. The system allows installation Force Support Squadron NAF central cashiers to scan daily check deposits at their desk and convert the items into electronic debits to the check writer's accounts. This eliminates the need for personnel taking checks to a bank. OTCnet will automate check deposit processing, reduce bank fees, check float and improve the current manual process of collecting returned checks. The new system also allows the Air Force to continue the trend of shifting to electronic fund transfers from the slower paper processing, saving time and money. "Customers look to benefit since the new process will provide more accurate, up-to-date bank account balances as a result of fewer outstanding items on their bank account reconciliation when they use checks in our NAF activities," said John Griffin, Air Force Services Agency Treasury Division Chief. As of July 29, 16 out of the 30 Air Force installations currently using the desktop software version have transitioned to the internet version. All installations should be converted to the new system by February 2012. For more information about the Air Force Services Agency and quality of life programs, visit www.usafservices.com or www.myairforcelife.com.