Use These Tips to Ensure Your Mobile Cheque Cashing Goes Smoothly

COVID-19 has changed the way banking services work for the near future. Due to necessary social distancing measures, many banks are recommending the option of mobile cheque cashing to keep customers safe. Mobile banking is an easy and popular way of taking care of your financial transactions during the pandemic. You can deposit your cheque from any location using a mobile phone or a tablet. Here are some helpful steps that will make the process quick and efficient. 

Making Mobile Deposits 

If you don’t already use a mobile banking app you will need to download one from your financial institution. Once your account is set up, you can begin depositing your cheques. Here are a few tips for making a deposit: 

• Log into your account using the app 

• Choose the selection to deposit a cheque 

• Take a clear picture of the front and back of the cheque 

• Verify the acceptance of the deposit 

• Keep the cheque until a deposit is confirmed 

It is a good idea to keep your mobile app updated. Apps change over time and offer different conveniences to customers. Some even have scanning features, which make using a smartphone or tablet even more convenient for making deposits. It is important to follow these steps so your transaction is accepted- cheques that are difficult to read might be rejected. Additionally, it’s important to remember which cheques have been deposited, so you do not deposit them twice. Since the bank is not taking the cheque, be sure to store the cheque after you’ve completed the transaction, or at least until it clears. 

Banking During COVID-19 

Mobile deposits during COVID-19 are a convenient and an important way to social distance, but you could experience a hold time on your funds. Your financial institution can answer all your questions about when your money will be available. There may also be certain fees associated with online banking. With a simple call to a bank representative, you can get the information you need. There may also be guidelines on the bank website. 

One other important feature of online banking is the option to make online bill payments. Many people are trying to limit their outside-of-home contacts, so paying bills online offers additional personal protection. Bill payment can be set up for automatic withdrawals, which is a convenient way to pay on time, or you can make individual payments as bills come due. Either way, it is a beneficial tool to keep your finances organized at any time. 

Mobile cheque cashing during COVID-19 is a good way to practice social distancing. With the added benefit of online bill payment, you can keep yourself and others safe and complete your important personal business from any location at your convenience.