Mobile Deposit – What is it and how does it work?

In today’s world, most people have their payroll directly deposited into their checking accounts or use cash apps like Venmo or PayPal. On the off chance that you end up with a paper check, did you know you can deposit it into your account with just a few pictures with your smartphone?

Welcome to the world of Mobile Deposit, or Remote Deposit Capture as some institutions call it. Mobile Deposit is so convenient and easy to use. It takes just a few minutes to complete, which sure beats taking a trip out to the Credit Union—especially in these uncertain times.

According to Statista, 75% of Americans use their mobile banking services from their couch, and 47% check their account from their bed. That sounds like a good deal to me!

Tips for using mobile banking:

  • Checks can only be deposited into a checking account—don’t have one? No problem, we can open one today by applying here: https://www.midlandcu.org/accounts/
  • Make sure the photo quality is as clear as possible—be in a well-lit space and do NOT use the flash
  • Set the check on a flat contrasting surface

Learn more about our mobile banking services here: https://www.midlandcu.org/e-services/mobile-banking/