16 Jan

Mobile Deposits: Why You Should be Taking Advantage of Them

We all know how much of a pain it can be to go to our local credit union branch just to deposit a check. Well lucky for you, we have a solution to this problem that will save you a lot of time! Our mobile deposit tool is not only convenient and simple, but it is safe and secure as well. Read on to learn more about the benefits of DeposZip and how it works.

Benefits

The best part about mobile deposit is the convenience to do it from wherever you want. If you’re sitting at work thinking about all the errands you have to run afterwards, you can knock “going to the bank” right off that list in about 5 minutes without leaving your desk. This means no more sitting in traffic and waiting in lines just to get your hard earned funds into your account. Pretty great, right?

Another great perk of mobile deposits is the speed and accuracy in which they are processed. After submitting your deposit request in the mobile app, you will immediately receive an email confirming that your check has been received and has begun processing. The deposited amount should be available in your account shortly afterwards, but keep in mind that times may vary depending on the amount of traffic the mobile deposit app is receiving.

How it Works

We know you’re busy and don’t always have time to stop by your local RMLEFCU branch to deposit a check. Well, now you don’t have to! By using RMLEFCU’s mobile deposit tool, DeposZip, you can deposit a check into your account from anywhere. Here’s how it works.

Step 1:

If you don’t already, download the RMLEFCU mobile banking app from the app store. It is available for both iPhone and Android.

Step 2:

Take a picture of the front and back of your check, following the on-screen instructions. We suggest being in a well-lit area and placing the check on a flat surface to ensure the best picture. As always, make sure you sign the back of your check so it is valid.

Step 3:

Select the checking or savings account into which you want to make the deposit. Remember, you can always transfer funds from one account to the another after the deposit is complete.

Step 4:

Enter the check amount. Double check to make sure the amount you typed in matches the amount written on the physical check.

Step 5:

Verify that all information on the screen is correct, then hit “Submit”. We will confirm that the check has been received and will credit your account for the amount deposited once it is processed.

Read more about RMLECU’s mobile deposits here, and check out our informational video with step by step instructions.