Consumers Credit Union Mobile Deposit Cut Off Time
Consumers Credit Union has become one of the most popular credit unions in the United States. With more than 100,000 members and over $1.5 billion in assets, this institution has made banking easy for its customers. One of its most convenient features is the mobile deposit option. This feature allows customers to deposit checks from their mobile devices without having to visit a physical branch. In this article, we will explore everything you need to know about the Consumers Credit Union mobile deposit cut off time.
What is Mobile Deposit?
Mobile deposit is a feature that allows consumers to deposit checks using their mobile devices. This process is simple and convenient, and it saves customers a lot of time. With this feature, customers no longer have to visit a physical branch to deposit their checks. They can do it from the comfort of their homes or wherever they are.
The mobile deposit feature is available to all Consumers Credit Union customers who have a checking or savings account with the institution. To use this feature, customers must have the Consumers Credit Union mobile app installed on their mobile devices.
What is the Cut Off Time for Mobile Deposits?
The cut off time for mobile deposits at Consumers Credit Union is 3:00 PM Eastern Standard Time (EST) on business days. This means that if you deposit a check before this time, the funds will be available in your account on the same day. However, if you deposit a check after this time, the funds will be available in your account on the next business day.
It is important to note that the cut off time for mobile deposits is not the same as the cut off time for ATM deposits or branch deposits. The cut off time for these types of deposits may be different, and it is important to check with the institution to confirm the cut off times.
Are There Any Limits to Mobile Deposits?
Yes, there are limits to mobile deposits at Consumers Credit Union. The daily limit for mobile deposits is $5,000 per day, per account. Additionally, there is a monthly limit of $10,000 per account.
If you need to deposit more than the daily or monthly limit, you will have to visit a physical branch to make the deposit. It is also important to note that the institution may hold your funds for a certain period of time if you deposit a large check. This is a standard practice in the banking industry to prevent check fraud and ensure that the funds are legitimate.
How to Make a Mobile Deposit at Consumers Credit Union
To make a mobile deposit at Consumers Credit Union, follow these simple steps:
- Endorse the check by signing the back and include "For Mobile Deposit Only" underneath your signature.
- Open the Consumers Credit Union mobile app on your mobile device.
- Select "Deposit" from the menu.
- Select the account you want to deposit the check into.
- Enter the amount of the check.
- Take a picture of the front and back of the check using your mobile device's camera.
- Submit the deposit.
It is important to make sure that the images of the check are clear and legible to avoid any delays in processing your deposit.
Conclusion
The Consumers Credit Union mobile deposit feature has made banking easier for its customers. With its convenient features and easy-to-use interface, customers can deposit checks from anywhere at any time. However, it is important to be aware of the cut off time for mobile deposits to avoid any delays in processing your deposit. Additionally, there are limits to mobile deposits, and customers must be aware of these limits to avoid any issues. By following the steps outlined in this article, customers can make mobile deposits with ease.