Your co-worker, your neighbor, the corner market owner. They all joined the modern world long ago.
For awhile I was reluctant, but I too have gotten hip to the new age.
Yes, I’ve started cashing checks through my smartphone
I resisted the convenience for two big reasons.
First, when the technology debuted, the time from upload to deposit was slow. At least, that was the case when ING Direct, now Capital One 360, first offered CheckMate in 2012.
The bank would make $100 per check available in my account the business day after I made the mobile deposit. The remaining balance on the deposited check became available a week later. And any check for more than $3,000 had to be deposited by mail.
I’m a freelancer writer, and a lot of my clients still pay me in paper checks.
That kind of time between the deposit and when the money became available is unacceptable.
Why jump through these hoops when I could just go to the bank a mile from my house, deposit a check through the ATM and get access to all of my money the next day?
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