Dear Readers: Have you ever deposited a check remotely? This capability has been around for over 10 years and has made banking more convenient and.
You endorse (sign) the back of the check like normal, then log into your bank's online app. Take a clear picture of the check, front and back, enter the amount of the check and which account you'd like it deposited into, then the system will tell you if the check's been accepted and you're done! Keep the check for a few days, just in case there's an issue.
There are rules, which can vary between institutions, among them: You must have an email address and have an established account with the financial institution for a period of time. Some items are ineligible for remote deposit:
Checks not payable in U.S. dollars
Third-party checks
Money orders and travelers checks
Savings bonds
Cash
This process works with our discussion of electronic funds transfers the future of banking. - Heloise
P.S. Remote check deposit became law after the terrorist attacks of 2001 to prevent a disruption in banking if transportation was shut down.
No Sale
Dear Heloise: I only shop from well-known and established online retailers. I've had experiences with smaller online stores (specifically from those overseas) where there have been problems, especially with sizing. Their items tend to run really small, and returns can be a big, time-consuming problem. - Heather E. in Indiana
King Features Syndicate