How are mobile check deposits processed

Routes to finance

Remote Debit Deposit allows you to deposit checks without physically bringing them to the bank - no need to send checks or make a trip to the branch during bank opening hours. All you need to do is get a picture of the check, send it to your bank, and the check will be processed and deposited in your account. Obviously, this makes life easier, but there are advantages and disadvantages to using this service.

Just to be clear, businesses and consumers can deposit checks by submitting a photo of the check.

The term remote deposit usually refers to business customers - often with their own check scanner. However, consumers with personal bank accounts (as well as some companies with business accounts) can also simply deposit checks using a mobile device.

Does remote deposit make sense?

Make sure it makes sense for your business before signing up for remote deposit. This service is best for businesses that process lots of checks. You can define this as you wish, but more than 30 reviews per month can be a basic threshold.

Why is a high control volume important? It costs money to sign up for your bank's remote deposit service - and free alternatives are available. More and more banks allow you to submit checks for free using a mobile phone or tablet (also for business accounts), so that a deposit only makes sense if a mobile device is not sufficient for your needs.

Remote depositing is likely faster than using a mobile device, so it might be worth it. In addition, most banks limit the number of checks you can deposit each month, and they have a maximum limit on how much you can deposit using a mobile device (for example there is a maximum of 50 mobile deposits or $ 15,000, whichever comes first).

If you are over this limit or have decided your time is worth more than the fee, submit a remote deposit.


When you're ready to go beyond your mobile device, talk to your bank about remote deposit tracking. Some banks offer a free trial period where you can rate the service and see if the cost is worth it. You could even drop the check scanner in for free, despite paying for it one way or another (for example, Bank of America charges $ 40 a month).

As soon as you have logged in, you will receive a check scanner that will be connected to your computer. Generally, all you have to do is enter the amount of verification and everything else will be read by the scanner. Scanning is extremely fast, so you can quickly go through a pile of checks - faster than with a mobile device.

The scanner will send an image of the check to your bank and the bank will use these images to collect money. Check with your bank for how long to keep all the checks scanned - you don't want to and you don't want to keep them forever accidentally refund a check that you have already deposited with Remote Capture.

Fund availability (for better or worse)

One of the main advantages of a remote deposit service is that you can ignore "banking hours". "Most banks allow you to process your checks late into the evening (10:00 p.m. or so in some time zones) in order to beat the deposit cutoff time.

In many cases, your bank will provide you with money within a business day (although you will occasionally come across holds). This is great news, and you might think it's technology, but there's also some bad news: Money hasn't moved that fast. Your bank will simply assume the checks won't rebound, but it can take several weeks for the check to be good. During this time you are allowed to use the money, but you will be responsible if the check bounces - the bank will deduct these amounts from your account and if your account goes negative you will have to deal with it (don't mention any check fees posted that collected by your bank. If you have concerns about the reviews your customers are writing, take steps to avoid improper reviews. You can even sign up for a check verification service that will further improve your chances and help you clear the freight with not paying any check.