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No you can't. Most U.S. banks require a 1-2 day hold on mobile deposits still. Some banks, like USAA, credit you immediately, but most major banks and local CUs
by tradersam 9y ago
No you can't. Most U.S. banks require a 1-2 day hold on mobile deposits still. Some banks, like USAA, credit you immediately, but most major banks and local CUs don't.
- techsupporter 9y agoHell, one of my credit unions holds payments I make to my credit card from my credit union checking account. One credit union will give me a "courtesy credit" for photo-deposited checks up to $1,500. Another holds all of them for three business days. The bank I was using to receive a wire transfer sat on the deposit until 6pm even though the sending bank said it was transmitted at 8:30am (same time zone). How we handle moving money is nuts. Most of the time, the way that's actually the fastest is to go to a credit union ATM, withdraw the desired amount with one plastic card, and use the destination credit union's plastic card to deposit the exact same money back into the exact same ATM.
- seanp2k2 9y agoLiterally "shelling out" with the ATM example. Don't forget the $3 fee for withdrawals.
- techsupporter 9y agoNah, withdrawals and deposits within the same credit union network (usually Co-Op Credit Union) are free.
- mortehu 9y agoI didn't mean to say every bank supports this. If USAA is the only one that credits any amount instantly, that's a shame, since they've started restricting who can sign up.
- zaroth 9y agoSchwab seems to clear my mobile deposits up to $10,000 per day within about 30 minutes of snapping the picture. If you deposit over $10,000 god help you.