With mobile check deposit, you can deposit cheques by the camera on your mobile device on your U.S. bank account. Here`s how it works: Your deposit limits appear when you enter your check into the mobile app. To find your limits in the app: A 24/7 check deposit in seconds with the camera on your phone or tablet. Online banks do not operate large branch networks or ATMs. As a result, online bank customers are generally highly dependent on mobile banking and mobile cheque deposits to manage their accounts and deposit cheques. Fortunately, many online banks understand this concern and offer higher limits on mobile deposit rates compared to banks that have a physical presence. The BB-T Mobile Check deposit limits for accounts open for less than 90 days are $500 per day and $1,000 per 30-day period; For accounts opened for at least 90 days, the limit is $2,500 per day and $5,000 for a 30-day period. The mobile cheque deposit, which allows you to deposit cheques by taking pictures of them, has become one of the most searched features of mobile banking – you might even want to change banks to get it. The U.S. bank`s payment limit for private accounts ranges from $500 to $2,500 per day, depending on the account relationship. If you have opened an account within the last 90 days, your deposit limit can be as high as $200.
After the first 90 days with us, your daily and weekly limits are likely to increase. Deposits made with a mobile cheque deposit are subject to the digital services agreement and may not be available for immediate payment. In some cases, it may take more than one business day to dispose of funds. For more information on the policy of mobile cheque payment availability, see the Digital Services Agreement. Customers who have multiple accounts in the bank and have larger balances may be entitled to higher limits on mobile deposits. Unlike cheque deposits made by a BANK or ATM, mobile cheque deposits are subject to restrictions due to the increased risk of cheque fraud. For SunTrust individuals, the mobile cheque deposit limit is $25,000 per month. Citibank`s deposit limit for mobile cheque deposits for customers with accounts open for 6 months or more is $1,000 per day and $3,000 per month; For customers with accounts opened less than 6 months, the limit is $500 per day and $1500 per month. For Bank of America Preferred Rewards customers for more than 3 months, the limit for mobile cheque deposit is $50,000 per month. For program accounts for less than 3 months, the limit is $25,000 per month.
TD Bank`s deposit limit for customers with accounts open for 3 to 6 months is $1,000 per day and $2,500 per 30-day period; For customers with accounts open for 6 to 12 months, the limit is $2,500 per day and $3,500 per 30-day period; For customers with accounts open for more than one year, the limit is $2,500 per day and $6,000 per 30-day period.