You received a check from a relative, friend, or for a business transaction and want to deposit it sooner rather than later. Many financial institutions offer a mobile check deposit feature that makes it easy to deposit checks while on the go without visiting a physical branch. In this guide, you’ll learn more about how it works and where to find a good bank that offers this service for free.
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What Is Mobile Check Deposit?
Mobile check deposit lets you deposit checks while on the go without having to visit a physical branch. Instead, you’ll open your bank or credit union’s mobile app, select the mobile deposit feature and capture the front and back of the check using your smartphone’s or other mobile device’s camera.
Is Mobile Check Deposit Safe?
Mobile check deposit is safe. However, you want to confirm you’re using the correct mobile app for your financial institution before initiating a mobile deposit to minimize your chances of being victimized by a fraudster.
What To Do With A Check After Mobile Deposit
Once you complete a mobile deposit, you shouldn’t toss the check in the nearest trash bin or shred it. Here’s what to do instead.
How Long To Keep A Check After Mobile Deposit
Ideally, you should keep your check until the funds are posted to your account for 30 days. Be sure to mark it as “VOID” with a permanent mark or pen once the deposit is complete.
When To Shred The Paper Check After A Mobile Deposit
You’re free to shred the paper check after you confirm the check is posted to your account and is no longer in pending status.
Mobile Check Deposit FAQs
Here are some frequently asked questions regarding mobile check deposits.
Yes, some financial institutions cap the amount you can deposit by check using the mobile deposit feature. It depends on your bank or credit union, so connect with a representative to confirm limits that apply to your account.
Mobile check deposits are sometimes available immediately, while others are released the next business day, depending on the time of day the deposit is initiated. There are also instances where the bank will hold your account for several business days until the funds clear.
If the check comes back unpaid, you’ll be on the hook for any funds you spend. You could also incur non-sufficient funds fees or overdraft fees.
To correctly endorse a check, flip it over and sign it using a black or blue pen. Notate that it’s “for mobile deposit only” directly under your signature, and check the “mobile deposit” box if applicable.
Open a Checking Account Online
Online Banking. No Minimum, Monthly, or Overdraft Fees. Mobile Check Deposit. 47,000+ Fee-Free ATMs. Automatic Savings.
Better Online Banking with No Account Fees. No Overdraft Fees. Up to $3M FDIC insurance via SoFi Insured Deposit Program.
Discover Current Spend Account and read about how to open one, what benefits can give and how to manage your account online from the app.
Earn Cash Back Rewards with No Fees. Discover Bank, Member FDIC. Open an Account and Get 1% Cashback on Debit Card Purchases.
Should you open an Upgrade Rewards Checking Plus Account? This review covers the key details and how Upgrade can improve your financials.
