Depositing checks via your mobile device can be a convenient way to get money in the bank quickly. However, mobile check deposit limits can vary depending on where you bank.
If you like using mobile deposit or are interested in learning more about how it works, you’ve come to the right place.
Table of Contents
- What Is Mobile Check Deposit?
- How to Use Mobile Check Deposit
- Mobile Check Deposit Limits at Major Banks
- Banks That Accept $50,000 Checks via Mobile Deposit
- Banks That Accept a $25,000 Check via Mobile Deposit
- Banks That Accept a $10,000 Check via Mobile Deposit
- Can My Mobile Deposit Limit Change?
- Is Mobile Deposit Safe?
- Final Thoughts on Mobile Check Deposit Limits
What Is Mobile Check Deposit?
Mobile check deposit allows you to deposit checks directly into your bank account using any mobile device. All banks differ, but banks that allow mobile deposits usually accept all types of checks, including:
- Personal checks
- Business checks
- Government checks
- Tax refund checks
Check with your bank for details, as not all banks allow mobile deposit. However, most major U.S. banks, as well as many smaller financial institutions, allow you to deposit checks using this method.
Online fintechs, including Chime and several Chime alternatives, also accept mobile deposits.
How to Use Mobile Check Deposit
Using your bank’s mobile check deposit feature is fairly simple. The following steps are generally consistent among most financial institutions:
- Sign the back of your check the way you usually would
- Download your bank’s mobile app
- Sign into your bank account using the site’s mobile login system
- Use the bank’s menu to find the Mobile Deposit tab
- Follow the instructions, choosing which account to deposit to
- Enter the amount of the check
- Take a photo of the front and back of the check when prompted
- Verify the details and complete the deposit as directed
You should receive some type of notice, either via your mobile device or via email, that your mobile deposit transaction was accepted.
How Long Before My Mobile Deposit Shows Up in My Account?
The time it takes for a mobile deposit transaction to be credited to your account can vary. Most banks say that you should expect your mobile deposit to show up in your bank approximately one to three business days after you complete your deposit.
Check in after a day or so to see if the deposit has appeared. It may be in a pending state, but as long as it appears in the list then the bank is processing it. Sometimes there are problems, perhaps with the photos or with the check itself, and it may be rejected.
Mobile Check Deposit Limits at Major Banks
Below is a list of mobile check deposit limits at several major U.S. banks. Note that most banks have a daily and monthly deposit limit.
Neobanks and fintechs that accept mobile deposits will have a deposit limit as well.
| Bank | Mobile Check Deposit Limit |
|---|---|
| Ally Bank | $50,000 in a single day, $250,000 every 30 calendar days |
| Bank of America | Varies based on account type, up to $50,000 per month |
| Capital One Bank | Varies by customer |
| Charles Schwab | Varies by customer |
| Chase | $2,000 per day/$5,000 per 30-day period |
| Citi | $1,000 per day/$3,000 per month for accounts six months or older, 500 per day/$1,500 per month for newer accounts |
| HSBC Bank | Varies based on account type, up to $50,000 per 30-day period |
| PNC Bank | $2,500 per day/$5,000 per month for accounts 30 days or older, $1,000 per day/$2,500 per month for newer accounts |
| TD Bank | Varies by customer |
| U.S. Bank | Varies based on account type, deposit history and relationship with U.S. Bank |
| Wells Fargo | $2,500 per day/$5,000 per 30-day period |
Banks That Accept $50,000 Checks via Mobile Deposit
A limited number of banks will accept checks of up to $50,000 via mobile deposit:
- Bank of America Preferred Rewards Members over 90 days old
- Citizens Bank, Citizens Quest Checking accounts over 90 days old
- Navy Federal Credit Union
- Ally Bank
Banks That Accept a $25,000 Check via Mobile Deposit
Many banks will accept a check of up to $25,000 via mobile deposit.
- Citizens Bank Circle Checking accounts over 90 days old
- Bank of America Preferred Rewards Accounts less than 90 days old
- BB&T Wealth Management Clients
- SunTrust Private Client accounts
- TIAA
- HSBC Bank, for HSBC Premier customers
Banks That Accept a $10,000 Check via Mobile Deposit
Here is a list of banks that will allow you to deposit a check of up to $10,000 via mobile deposit.
- Bank of Internet
- Key Bank
- Citizens Bank One Deposit, Ever Value, Student Checking, and Personal Checking with Interest
- Bank of America for accounts opened three months or longer
Can My Mobile Deposit Limit Change?
It’s important to be aware that your mobile deposit limit can change anytime. Here is a list of factors that might affect how much money you can add to your bank account via mobile deposit.
- A change in your bank’s rules: Your bank may apply a blanket rule change regarding mobile deposits.
- How long you’ve had your account: Some banks increase mobile deposit limits after a bank account has been open for a certain amount of time.
- Your specific banking activity. Your bank may increase – or decrease – the amount of money you can deposit via mobile deposit based on your specific banking activity.
- Changes in the law. If the Federal Reserve or another government entity changes or adds to banking laws, your mobile deposit limit might change.
Because changing mobile deposit limits is possible, it’s important that you keep abreast of communication from your bank. Your bank will likely communicate with you via email, snail mail, or text if there are changes to mobile deposit limits.
Is Mobile Deposit Safe?
Depositing your checks using a mobile deposit app is safe, as banks use the highest levels of encryption to protect their mobile deposit apps, just as they do with online banking.
That said, you should be aware of some other risks to mobile deposits.
Deposit Rejection
Your bank may reject your mobile deposit if it wasn’t performed correctly. Reasons for rejection may include:
- Blurry photos
- Unendorsed checks
- Technical errors
For that reason, it’s important to securely store a check that you’ve deposited via a mobile app for at least two weeks. At that point, you are usually safe to destroy the check.
Double Deposit
There is a chance that you may redeposit a check that you already deposited via mobile deposit. Or, your partner or spouse may redeposit the check because they don’t know you’ve already deposited it.
Again, safe storage of checks you’ve deposited via your bank’s mobile app is strongly recommended to help avoid depositing a check twice.
Security Breaches
Although online banking is quite safe, it is not failproof. There is always a possibility of security breaches surrounding a mobile deposit.
However, this is a risk that comes with any online activity. Only you can decide if depositing your check using a mobile device is worth the risk.
Final Thoughts on Mobile Check Deposit Limits
Depositing your checks via mobile deposit can save time and help you get your money into your account faster. However, you will find mobile check deposit limits at big and small banks and fintechs.
Depending on your banking habits, you may end up choosing a bank based on its flexibility regarding mobile check deposit limits.
Leave a Comment: