It’s meant to be a convenience for banking customers: simply use your smartphone and your bank’s mobile banking app, take a picture of the check you wish to deposit, and deposit a check from anywhere, skipping the trip to the bank or check cashing place. But what actually happens to the check after the mobile deposit has been made?
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Mobile Check Deposits: Understanding the Risks
It’s meant to be a convenience for banking customers: simply use your smartphone and your bank’s mobile banking app, take a picture of the check you wish to deposit, and deposit a check from anywhere, skipping the trip to the bank or check cashing place. But what actually happens to the check after the mobile deposit has been made?
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