How does mobile deposit work?
What is mobile deposit? A feature offered by most banks with a mobile app, mobile deposits enable customers to deposit paper checks directly into their bank account. All you have to do is take a photo of the front and back of the check and then upload the photos into your bank’s app.
What do you need for a mobile deposit?
Enter the amount of your check. Endorse the back of your check with “For Mobile Deposit Only” and make sure the payee signs the check. Take pictures of the front and back of your check. Submit the check for deposit.
How do I do a mobile check deposit?
Take photos of the front and back of the check with your smartphone — just select the Front of Check and Back of Check buttons. Select the account to receive the deposit, enter the amount and tap Next. After confirming the details, tap Submit.
How long does it take for a mobile deposit to go through?
If you deposit on a business day before 9 pm PT, your money will typically be available the next day. If you deposit after 9 pm PT or on a weekend or holiday, we’ll process the deposit on the next business day and your money will typically be available the day after that.
What if mobile deposit doesn’t work?
The most common reason why your mobile check deposit is not working is because you forgot to sign the back of your check. Before you take a picture, make sure you’re always endorsing your check. That way you don’t have to go back and start the process over again.
Is mobile check deposit faster than ATM?
Speed. Mobile phone banking generally affords you quick access to your funds than ATMs. Why? Because with ATM deposits, a banker may have to retrieve checks from the machine, then manually digitize them.