Here’s a weird one: The first mobile deposit ever happened in 2007. It took ten whole seconds to process. Today, it’s faster than you can say “overdraft fee.”
Wells Fargo processes billions of dollars this way. Every year. That’s like buying every single bag of chips in America five times over.
Can You Mobile Deposit Check With Two Names at Emery Espinosa blog
Also, banks call this “Remote Deposit Capture.” It sounds like a spy mission. You’re basically a secret agent. Your mission: defeat the paper check. Mission accepted.
The Unspoken Rules of Pajama Banking
You can deposit checks up to $5,000 per day. But don’t get greedy. The app has eyes. It knows if you’re trying to deposit a check from your uncle’s dog.
Keep the physical check for five days after depositing. Why? Because banks are paranoid. They think you might try to deposit the same check underwater. Just keep it in a drawer. It’s a hostage situation.
Also, do not try to deposit a check that says “Pay to the Bearer.” That’s a bear, not you. Bears don’t use mobile banking. They have honey to worry about.
