What is a mobile check deposit?
The technology has changed so that the process of mobile check deposits will help customers deposit checks using a particular bank’s application. It is possible by using a mobile device or a camera. This feature of a mobile check deposit helps to receive money into a particular account instantly.
What are the steps involved?
The method of mobile check deposits may be different for different financial institutions.
1. Download the application
First and foremost, one has to visit the website of the particular financial institution and has to check whether it has the option to receive a mobile check deposit. Click on the download link and get the application on your mobile phone.
2. Check endorsement needed
All the banks will need the endorsement of checks for additional security. For this purpose, a signature on the payee’s place, which will be at the top of the check’s back needed. You have to endorse that it is for check endorsement as skipping this step may lead to further delays in the receipt of money.
3. Enter the required information
The requirements put forth by the bank’s application also includes information regarding the checks. This information may include the number of checks, and the details of the accounts were the checks should be deposited.
4. Capture a clear photograph of the check
The banking application you have previously downloaded will guide you for the proper mobile check deposit process. Clear pictures of the front and backside of the checks with your endorsement will be required. One thing you have to keep in mind before submitting the photo on the app is that the picture should be crystal clear as any confusion in the clarity may lead to further delays in check processing.
In the ultimate step
In the ultimate step, the application will automatically read those numbers which are encrypted on the check’s bottom side and will request you to verify the same before submission. If you have read the banking details and are confident regarding the same, you can submit the check.
After the submission of the mobile check deposit by using the application, you have to wait for the confirmation and never try to throw off, or dumb the check to the waste bin. Any problems that may pop up in the future can solve by using this particular check.
Usually, as soon as possible, your request for a mobile check deposit will be verified as you will get a mail and another mail regarding the confirmation. Final verification will be done for your mobile check deposit, as reflected in your bank account.
The way by which a mobile check deposit ensures safety is amazing. It prevents all types of fraudulent activities that were otherwise taking place in the traditional check transaction methods. If you are operating through a mobile check deposit, nobody can steal a check or even forge a check, and hence it said by the economic experts that mobile check deposit is the safest way.
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