First Community Credit Union Mobile Deposit Funds Availability
First Community Credit Union is a financial institution that provides a range of services to its customers, one of which is mobile deposit. This service allows customers to deposit checks using their mobile devices, saving them time and hassle. However, one of the concerns that customers have when it comes to mobile deposit is the availability of funds. In this article, we will discuss First Community Credit Union's mobile deposit funds availability policy and what customers need to know.
What is Mobile Deposit?
Mobile deposit is a service that allows customers to deposit checks using their mobile devices. With this service, customers can take a photo of their check using their smartphone or tablet's camera and submit it through the credit union's mobile app. The check is then processed and deposited into the customer's account.
First Community Credit Union's Mobile Deposit Funds Availability Policy
First Community Credit Union's mobile deposit funds availability policy states that the first $225 of a deposit will be made available immediately. However, the remaining funds may not be available for up to two business days. This means that customers may not have access to the full amount of their deposit for up to two days after they have made the deposit using mobile deposit.
It is important to note that this policy is subject to change and may vary depending on the type of account that the customer has with First Community Credit Union. Customers should check with the credit union to determine the specific funds availability policy that applies to their account.
Factors That Affect Funds Availability
There are several factors that can affect the availability of funds when using mobile deposit. These factors include:
- The time of day that the deposit is made
- The amount of the deposit
- The customer's account history
- The type of check being deposited
If any of these factors are not met, the funds may not be available for the full two business days as stated in First Community Credit Union's mobile deposit funds availability policy.
How to Ensure Funds Availability
There are several steps that customers can take to ensure that their funds are available as soon as possible after making a mobile deposit:
- Make sure that the deposit is made during business hours on a business day
- Ensure that the deposit is less than the amount that triggers a hold on the funds
- Make sure that the customer's account is in good standing and has a positive history with the credit union
- Ensure that the check being deposited is a valid, readable check
By taking these steps, customers can help to ensure that their funds are available as soon as possible after making a mobile deposit.
Conclusion
Mobile deposit is a convenient service offered by First Community Credit Union that allows customers to deposit checks using their mobile devices. However, customers should be aware of the credit union's mobile deposit funds availability policy and take steps to ensure that their funds are available as soon as possible. By following the tips outlined in this article, customers can help to ensure that their mobile deposits are processed quickly and efficiently.