Mobile Cheque Cashing Benefits During a Pandemic

The coronavirus pandemic is fundamentally altering the way Canadians conduct their day-to-day business. Stay-at-home orders and social distancing measures limit an individual’s movement in the community, while many businesses have been forced to shutter their doors or adjust operational procedures. Though these steps are necessary to save lives and reduce the pressures on healthcare facilities, people must rethink their actions in nearly everything they do.

The ease with which COVID-19 is transmitted from person to person necessitates safety precautions each time an individual leaves home. Canada’s National Strategy for Critical Infrastructure provides for the continued operation of businesses providing essential services. Financial institutions are deemed essential; thus they remain open to serve the public’s needs, albeit with reduced hours of operations and safety protocols in place. Each trip to the bank, however, exposes an individual to an increased risk of infection.

With the technological options available through financial institutions, a majority of banking tasks can be conducted at home, including mobile cheque cashing. There are a number of benefits to conducting your banking business at home, especially during the coronavirus pandemic.

Mobile Cheque Cashing

Today’s technology allows for rapid financial transactions using either the Internet or mobile banking apps. An institution's mobile app gives the customer quick access to banking information and functions. Canada’s National Cyber Security Strategy and financial institution measures provide for secure online transactions. Using a banking app to deposit a cheque is a simple procedure, requiring you to take a photo of the front and back of your signed cheque.

Benefits of Mobile Cheque Cashing

To reduce the threat of coronavirus infection, social distancing and stay-at-home measures are a necessity. Any action an individual can take to lessen interpersonal contact safeguards the person and others. One of the biggest benefits of depositing your cheques remotely during the pandemic is in adhering to safety guidelines, while you conveniently conduct your banking business from home. The following are additional benefits:

• Mobile cheque deposits do not have to be done during the limited banking hours currently in effect
• Your cheque deposit is quickly made available to you
• A mobile deposit saves the time involved in a trip to the bank or ATM
• Deposits using an app are a secure means of banking

If you have yet to make the move to mobile banking, now is a good time to do so. The COVID-19 pandemic is necessitating changes to the way people live, and one such change is that people are using technology now more than ever. Mobile cheque cashing provides a quick, convenient and safe way to make deposits. The benefits of remote deposits will extend beyond the time of the current crisis and will likely alter your banking habits well into the future.