Mobile Deposit FAQ’s
What Is Mobile Deposit?
Mobile Deposit is a service offered by The First National Bank of Livingston that allows you to make a deposit directly into your eligible checking or savings account using the FNB Mobile App. You can now securely deposit checks using your smartphone or tablet. You just take a photo of the front and the back of your check and follow the clear instructions that you will see on-screen
What Are The Benefits?
- With mobile deposit, depositing checks is simpler and more convenient than ever. It lets you use your smart phone or tablet to:
- Deposit checks virtually anytime, anywhere.
- Save time and trips to the branch.
- No waiting in line.
Who Is Eligible For Mobile Deposit?
To be eligible for mobile deposit you must:
Have a personal or small business checking or savings account in good standing.
Be enrolled in online banking.
Have accepted the Mobile Deposit Service Agreement.
Is Electronically Depositing Checks Safe and Secure?
Yes, the on-line transmission of checks is secured through a secure SSL encrypted browser session.
You should protect your login and password for Mobile Deposit as you would your login information for other on-line banking services.
Remember for added security to log out completely when you finish using the Mobile App.
Are Electronic Versions Of Checks Legal?
Yes, Check 21 legislation allows banks to exchange images of checks for collection instead of paper. In fact, the majority of checks in the U.S. are cleared electronically today.
How Do I Make Mobile Deposits?
You can deposit checks with mobile deposit whenever you want – 24 hours a day, 7 days a week. Deposits with be credited within two business days.
Are There Any Fees For Mobile Deposit?
There is no fee for depositing checks with mobile deposit up to 5 checks per month. After 5 checks, you will be charged .50 cents per check. Keep in mind, though, that mobile deposits are considered transactions, so accounts subject to transaction limits may result in fees.
Are There Any Limits On The Dollar And The Number Of Deposits I Can Submit?
Yes, for your protection, deposit limits apply. If your account has been open for less than 60 days your dollar limit will be $1,000.00. If your account has been open more than 60 days your dollar limit will be $3,000.00. If you exceed this limit, you will receive a notice informing you about your limit. At that point, you may visit any branch and make your deposit.
How Does It Work?
It’s simple to deposit checks with mobile deposit. From First National Bank’s Mobile Banking App, here’s all you will need to do:
Pick the account you are deposing the check to.
Enter the amount you are depositing.
Photograph both sides of your endorsed check with your smartphone or tablet, following clear on-screen instructions.
Review your deposit information and then submit your deposit.
Look for the confirmation that your deposit was received.
You can view the deposit in “view deposit history” to see the details of your deposit and the check images.
Eligible Checks for Deposit:
Mobile Check Deposit allows you to deposit most checks drawn on U. S. financial institutions. Certain items are not supported through the remote deposit channel and must be deposited at a bank location such as: foreign checks, substitute checks, government bonds, cash, or savings bonds.
How Do I Endorse My Checks For Mobile Deposit?
Simply sign or use an official company stamp on the back of the check. Please write “for mobile deposit only” below your signature. Any items not properly signed will not be accepted via mobile deposit.
What Should I Do With The Check After Submitting It Via Mobile Deposit?
For your protection and verification purposes, you should write “electronically presented” or RDC and the date” across the top of the check after it has been accepted for deposit by us and store it for at least 60 days after transmission to us. After this time you can mark the check “VOID” and destroy it. Cross-cut shredding is strongly recommended for check destruction.