The Benefits of Mobile Check Deposit

In the last decade, smartphones have completely changed the landscape of how we live our lives. They are literally computers that can fit into your pocket or purse, and with that technology comes a lot of really cool and useful apps and features. Financial technology improves by the day, and it is now commonplace for credit unions to offer free mobile banking apps so their members can access their accounts at their own personal convenience, 24/7.

One such feature with most mobile banking apps is mobile check deposit; this tool enables you to use the camera built into your smartphone to digitally deposit checks into your checking or savings account, safely and securely, without having to visit a branch or ATM. Here are a few things to know about mobile check deposit with Polam’s app:

• What is mobile check deposit and how does it work?  It’s as easy as it sounds – it’s a way to deposit checks into your checking or savings account by using your smartphone’s camera. Open the Polam mobile banking app and log in, and choose the option to deposit checks. Endorse the back of the check, and you’ll be prompted to take photos of the front and the back of the check. You’ll be asked to verify the amount before the deposit is completed.

• What are the benefits of mobile check deposit?  The most notable benefit is convenience – you don’t need to drive to one of our branches or to an ATM to safely and securely deposit your checks. And because our mobile banking app is available to our members 24/7, you can deposit at any time of the day. It’s also a faster way to ensure your money is deposited; it’s good for the environment (you won’t be driving to make your deposit); and you can ensure the accuracy of the deposit when you enter the amount of the check.

• Is mobile check deposit safe?  Yes – Polam’s mobile banking app is secure and encrypted, and we take every step and precaution to guarantee the safety of your money and your accounts. As always, if you have questions for us regarding mobile check deposit and our app, please feel free to reach out to one of our team members at (650) 367-8940, or polam@polamfcu.com