The Ins and Outs of Mobile Deposits

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Mobile deposits make cashing a check more convenient than ever. Rather than running to the bank to put the check in, you can simply take a picture of it with your phone and let an app do the rest. There are some pros and cons to this process, but it's at least nice to understand it's available as an option. American's love convenience, so it's easy to see why this type of service is becoming more common and the acceptance of these apps by consumers are growing by day.

Here is an in depth look at remote deposit capture (RDC) and how you can go about using it. Whether you like it or not, you will at least know what to do if you ever need it.

How Mobile Deposits Work

Every check depositing program is a little different, and it would be impossible to provide instructions for each of them. For the most part though, they all follow the same process: sign in, take pictures, confirm information, and make deposit. To show you that more in depth, we will look at the process for depositing a check with CheckMate from CapitalOne. All the images here are courtesy of CapitalOne 360.

Step 1


Sign into your account.

Step 2


Get to the check deposit area.

Step 3


Open the scanning center.

Step 4


Get to the picture capture area.

Step 5


Open your camera to take the picture.

Step 6


Capture an image of the front of the check.

Step 7


Save the image of the front or retake it.

Step 8


Capture an image of the back of the check.

Step 9


Save the image of the back or retake it.

Step 10


Type in the information for the check.

Step 11


Confirm the information is correct.

Step 12


Complete the deposit.

Once you complete the transaction, you should receive an email that confirms your transaction. Then you will have to wait a certain amount of time for the check to be verified. Depending on the company, this could be 1-48 hours. You'll have to check with your RDC provider to learn more.

Who Offers Mobile Depositing?

More than 64% of America's top 25 banks now offer mobile deposit capabilities. That's not to mention all the other banks and lending facilities that aren't on the top 25 list. Here are some quick links to many of the most popular mobile deposit programs in the country:

There are many others to consider even with small, local banks. Ask your financial service provider if they have a mobile deposit option and you'll soon be able to upload checks from your phone.

The Pros and Cons of Mobile Deposits

Most people love the idea of not having to go to the bank to make a deposit. They can go about their daily activities and still have a way to put funds into their accounts. One thing you must note though is that you will have to wait for the check to be verified before you can access the funds. You might have to do this even at the bank, but some banks will offer immediate availability if you have the funds in your account to back the check. The amount of time you wait will depend on your bank, but don't expect the money to be ready right away.

Another matter to note is that your check may not process properly all the time. If the picture is off or you forgot to sign the back, you could wait a day only to find out that you have to resubmit the deposit. Again, this is something that can happen in person, but you have to think about it.

As a whole, mobile depositing is a great option to keep in mind even if you don't use it all the time. If you ever find yourself in a situation where you cannot get to the bank at all, you will at least be able to deposit a check with your smartphone.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.

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