You'll need to log in, choose "Deposit a Check," take the photos, verify that they and the amount are correct and then make the deposit. The app will ask you to wait a day or two for the check to clear before trying to withdraw or spend the money. Just because you've deposited a check into your account doesn't mean you've deposited that amount of money.
The bank that issued the check needs to pay your bank. If the amount of the check that you've deposited exceeds the amount you have in your account, you might not be able to withdraw or spend all of the amount of the deposit. This prevents people from committing fraud and the bank from getting stuck holding the bag. For this reason, you might see the word "pending," "authorizing" or "processing" when you log into your account to make sure the transaction went through.
Personal Finance Budgeting. A woman is making a deposit at an ATM. Video of the Day. Endorsing the Check. Using an ATM. Visiting Your Bank. Using a Mobile App. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification.
I Accept Show Purposes. Your Money. Your Practice. Popular Courses. Personal Finance Banking. Table of Contents Expand. You Don't Have an Account There. The Check is Made to a Business. Large Transactions. Stale Checks. Hold Payment Requests.
Key Takeaways You will need a government-issued photo ID when cashing a check. If the check is made payable to your business, make sure you have a business account at the bank and that the business is properly registered with the state.
Banks may require advance notice to cash large checks. Checks can be difficult to cash if they're "stale-dated. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
Related Articles. Checking Accounts How to Endorse a Check. Banking Banking Partner Links. A checking account is a highly liquid deposit account held at a financial institution that allows deposits and withdrawals.
Don't see what you're looking for? Browse related questions I made a cash deposit into my checking account. I attempted a withdrawal later that day and was told I could not withdraw until tomorrow. Can the bank do this? Should I enroll in direct deposit? I get my paycheck by direct deposit. When can I withdraw the funds? Learn more about bank accounts.
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