Mobile Check Deposit
Mobile check deposit allows customers to deposit a check using a smartphone app. The app captures images of the front and back of the check for electronic processing.
Funds availability can be subject to deposit holds and bank policies. Mobile deposits rely on remote deposit capture and Check 21 image exchange rules.
Related Terms
Remote Deposit Capture
Remote deposit capture is a service that lets businesses and individuals deposit checks by transmitt...
Check
A check (or cheque in British English) is a written order instructing a bank to pay a specific amoun...
Deposit Hold
A deposit hold is a temporary restriction on access to deposited funds. Banks place holds to manage ...
Check 21
Check Clearing for the 21st Century Act
Check 21 is a U.S. law that allows banks to process checks electronically by creating substitute che...
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