How Do You Deposit A Check Online?
• Determine if your bank offers online deposit • Some financial institutions only offer remote check deposit capture to clients with business checking accounts or accounts with high minimum required balances. Consult your local branch to find out if online check deposit is available with your type of checking account. • Understand legislation governing online deposits. • Laws and restrictions regarding remote deposit capture are referred to as “Check 21” laws. These laws protect you and your bank from fraudulent activity and checks being deposited or scanned multiple times. Review these laws so you understand the legal ramifications and fraud risks of using this service. • Purchase a compatible scanner. • A special scanner is needed to deposit your checks on line. The scanner reads the encoded information on the checks and transmits it to the bank. Find out what scanners are compatible with your home computer. • Some banks lease scanners for online check deposit services. • Fill out th
