Were you aware that you can make check deposits without paying a visit to the bank? If you are not used to this kind of transaction, take a look at this guide and learn how to do it!
Nowadays, banks offer plenty of features to make your life easier and avoid having to pay a visit to the institution every time you need to make a transaction.
One of these features is the mobile check deposits, which allows you to deposit paper checks - including a stimulus check - with your cellphone and from your home.
Making mobile deposits isn't as hard as it may seem. You just need to follow these tips!
- Check your bank's guidelines: First things first! Check if your financial institution actually offers this feature. To do so, verify your bank's app! Once you open it, head to the menu and search for the mobile check deposit option. Also, you may want to make sure that your type of account is enabled to use this feature.
- Review deposit limits: If you are allowed to make mobile deposit checks, you should find out if there are any limits on deposits. Some banks have monthly, weekly or daily limits on the total amount of money you deposit via mobile or online banking.
- Prepare to deposit: Although the method isn't similar to depositing at your bank branch, you still need to sign the back of the check. Also, make sure that the information on the front is correct! Some banks require some extra information written on the back, so check what are your bank's guidelines.
- Make your deposit: The steps you need to follow now are logging into the app, find the mobile check deposit option in the menu, select the account you want to deposit the check into, enter the check amount, take a photo of the back and front of the check and upload it. As usual, check if the information is correct and then you are ready to finalize the deposit.
- Wait for the check to clear: You may have to wait a bit before the money you've deposited appears in your account. This will vary depending on your bank and the amount of the check. While you wait, don't throw the check away! You may need it later in case the deposit was not received correctly.