How Does Smart Phone Deposit Work?

Smart Phone Deposits
– Works with online banking phone app
– Credits to your ledger balance instantly
– Mobile Banking Deposits

For low volume processing, smart phone deposits with mobile banking work well.

PROS:
It is very easy to make a deposit.

– Photograph the front of the check
– Then photograph the back of the check
– Choose your account and
– Confirm the amount – then SUBMIT

Then deposits typically credit to your ledger balance the same day and clear by the next business day.

CONS:
The process is slow because of the steps involved.
Most Mobile Banking Apps have deposit limits
– typically $25,000 for the month

If you do a high volume of checks or drafts, you may consider Desktop Deposit or Remote Deposit Capture as a much faster and more robust alternative.