As banking increasingly goes digital, credit union members have a new way of handling paper checks. Instead of using an ATM or making a personal appearance in the branch, members of a growing number of credit unions can endorse the back of a check, take a photo of the front and back, and then upload the image via their credit union’s mobile application (remote deposit capture, as it is sometimes referred to).
Depositing a check with your smartphone can literally take only seconds. As effortless as this process may seem, you may encounter some bumps along the way. Below are some simple steps to assure your success with mobile deposit.
Know your credit union’s requirements: Make sure you are eligible to use your credit union’s mobile deposit service. Most credit unions will let you use this feature if you are eligible or have signed up for mobile banking.
Endorse the check: Sign your check with blue or black ink and make sure there are no other items that need to be written on the check. For example, you may need to write “for remote deposit only” or include the last four digits of your account number.
Make sure the amount of your check is within the deposit limits: Because of security risks, many credit unions will limit the amount you can deposit remotely. If your check doesn’t fit those limits you will need to make your deposit at an ATM or the branch office.
Take a clear picture of your check:
Make sure your checks are deposited by using these tips for taking a clear, quality photo of your check.
· Place the check on a dark background that won’t reflect your camera flash.
· Make sure there’s plenty of light on the check.
· Ensure that all four corners of the check are inside the photo.
· Make sure no other objects are in the frame of the photo.
· Hold your smartphone directly above the check.
· If you get a blurry image, move the camera a few inches higher above the check.
· If you are having problems with quality or lighting, turn off the flash.
Confirm and press send: Make sure the check is going to the right account and that all other information is correct before you click send.
Keep the hardcopy of the check until it is processed. Your credit union may touch base with you via email when the check is accepted. Once you have your follow-up email, write “deposited by mobile” on the check and hold on to it until the deposit shows up in your account.
By following these simple steps, you can make a safe, secure mobile deposit. Remote check deposit has already begun to change the way credit unions interact with their members. With a mobile banking app., members can check their balance, transfer money between accounts and deposit checks remotely. No matter how convenient mobile banking has become, your credit union still can’t produce cold, hard cash through the phone so don’t kiss the brick-and-mortar branches goodbye just yet.