Employee Resources Credit Union Mobile Deposit Funds Availability
If you're a member of the Employee Resources Credit Union, you may be wondering about the mobile deposit funds availability. As more and more people rely on their smartphones for banking, it's important to know when you can expect your deposits to be available.
What is Mobile Deposit?
Mobile deposit is a convenient way to deposit checks without having to visit a physical branch. With this service, you simply take a photo of your check using your smartphone's camera and submit it through your credit union's mobile app. This saves time and hassle for members who can't make it to a branch during business hours.
When are Funds Available?
The Employee Resources Credit Union has a standard funds availability policy that applies to all deposits, including mobile deposits. According to this policy, the first $200 of a deposit is typically available on the same day. The remaining amount may be subject to a hold, depending on several factors.
The length of the hold can vary depending on the size of the deposit, the type of check, and other factors. In general, checks from government agencies and other reputable sources tend to have shorter hold times than personal checks. The credit union may also place a hold if you have a history of overdrafts or other issues with your account.
How to Check Your Deposit Status
If you're wondering about the status of your mobile deposit, you can check it through the credit union's mobile app or online banking portal. This will give you information about when the deposit was made and when the funds will be available. If you have any questions or concerns about your deposit, you can contact the credit union's customer service team for assistance.
Conclusion
Mobile deposit is a convenient way to deposit checks from anywhere, but it's important to know when your funds will be available. The Employee Resources Credit Union has a standard funds availability policy that applies to all deposits, including mobile deposits. The first $200 of a deposit is typically available on the same day, but the remaining amount may be subject to a hold depending on several factors. By checking your deposit status through the credit union's mobile app or online portal, you can stay up-to-date on when your funds will be available.