Public Service Credit Union Mobile Deposit Funds Availability
If you’re a member of Public Service Credit Union, you may have heard about their mobile deposit feature. This is a convenient way to deposit checks from your smartphone without having to visit a branch. But what about the funds availability? How long does it take for your deposits to become available in your account?
What is Public Service Credit Union Mobile Deposit?
Before we dive into the funds availability, let’s first discuss what mobile deposit is. Public Service Credit Union Mobile Deposit is a feature that allows you to deposit checks from your smartphone or tablet. To use this feature, you must have the PSCU mobile app installed on your device.
Once you’ve logged into the app, you’ll need to select the “Deposit” option and take a photo of the front and back of your check. You’ll also need to enter the amount of the check and select the account you want to deposit it into. Once you’ve submitted the deposit, you’ll receive a confirmation message.
How Long Does it Take for Mobile Deposits to Clear?
Now, let’s get to the important question – how long does it take for your mobile deposits to clear? The answer depends on several factors, including the amount of the deposit and the time of day it was submitted.
For most members, mobile deposits will become available within two business days. However, deposits over $5,000 may take longer to clear. In some cases, the credit union may place a hold on the funds until the check has been verified.
It’s important to note that weekends and holidays do not count as business days. So, if you submit a deposit on a Friday, it may not become available until Tuesday or Wednesday of the following week.
Why is There a Hold on My Mobile Deposit?
As mentioned earlier, there may be a hold placed on your mobile deposit if the credit union needs to verify the check. This is a standard practice to prevent fraud and ensure that the check is legitimate.
If a hold is placed on your deposit, you’ll be notified via email or mail. The hold may be released within two business days, but in some cases, it may take longer.
How Can I Check the Status of My Mobile Deposit?
If you’re wondering about the status of your mobile deposit, you can check it using the PSCU mobile app or online banking. Simply log into your account and look for the “Deposit History” section.
Here, you’ll be able to see a list of all your mobile deposits and their current status. If a deposit is still pending, it will show as “Pending” or “Submitted.” Once the deposit has cleared, it will show as “Cleared” or “Available.”
Conclusion
When it comes to mobile deposit funds availability at Public Service Credit Union, most members can expect their deposits to become available within two business days. However, deposits over $5,000 may take longer to clear, and there may be a hold placed on the funds if the credit union needs to verify the check.
If you have any questions or concerns about your mobile deposits, don’t hesitate to contact Public Service Credit Union. Their customer service team is available to help you with any issues you may encounter.