Several years back, depositing, transferring, and withdrawing money was a hassle. To perform any of these transactions, you may have to visit your bank and wait in a queue for hours. Fast-forward to today, the advent of technology has made it very easy to receive and deposit money. Thanks to a mobile deposit, you can send money even in the comfort of your home. But before you leverage this method, there are a few things you need to figure out. One of those things is if this transfer method goes through on weekends.
If you make a mobile deposit on a weekend, the money will be processed on the following business day, and will be available the day after that as most banks don’t operate on weekends or holidays.
Many things might prompt you to imitate a deposit on a weekend. Maybe your sibling is in urgent need of funds for one expense or the other. Or your landlord is requesting for your rent which became due the previous day. Regardless of why you want to make the transfer, you’ll be eager to ensure that when you eventually make the deposit, the recipient gets it’s as fast as possible. However, is this possible with a mobile deposit? If you intend on using this method, you may want to find out. Lucky for you, we covered that in this article.
How to Avoid Transfer Fees Between Banks?
Do Mobile Deposits Go Through on Weekends?
Among all the common ways of ending money between banks, mobile deposit is one of the best. This modern way of sending money (an upgrade of the typical check deposits that require you to visit your bank) is fast, easy, and convenient. However, it makes sense to ask questions when it comes to sending money via mobile deposit on a weekend. This is because most banks don’t open on weekends. And as you know, a closed bank cannot process a transaction.
One of the questions you should ask is if such deposits go through on weekends? Another is if it’s possible to initiate a mobile deposit on a weekend. As we progress, I’ll answer these questions. But first, let’s consider what a mobile check deposit is.
What Is a Mobile Check Deposit?
Mobile check deposit is a way of transferring money between banks. This method allows you to save time by depositing your checks remotely, regardless of where you are and the time of the day. Instead of taking time out to visit your bank, you can simply take a picture of the front and back of the check using your smartphone and deposit it via your bank’s mobile application. This method of sending money can help you manage time while checking an item off your to-do list.
In the banking realm, you may hear people refer to this digital transaction as “remote deposit capture.” Not only are mobile check deposits a convenient process, but they are also pretty safe. Regardless, you should often ensure that the banking app you use to initiate a mobile check deposit was downloaded from a reputable source. Otherwise, you may end up being a victim of fraud. Normally, you’ll find directions regarding where to download the app on your bank’s website.
What Types of Checks Can You Add to Your Account?
The types of checks you can add to your account via mobile check deposit are:
- Personal checks
- Business checks
- Cashier’s checks
- Government-issued checks
Government-issued checks include tax refunds and stimulus checks, like those provided by the CARES Act. Your bank may or may not allow you to use this method for foreign checks, third-party checks, money orders, or traveler’s checks, so ensure you scrutinize your bank’s policy first before proceeding with these transactions.
How mobile check deposit looks like in action:
- You download your bank’s mobile banking application ( if you don’t have it) and create your unique login.
- Afterward, you log in to the app and locate mobile check deposit in the menu.
- Next, sign the back of the check the way you would if you are depositing it at your bank ( or according to the instructions provided by your bank)
- Select the account you wish to deposit the check to
- Input the check amount
- Take a clear photograph of the front and back of the check with your smartphone’s camera.
Ensure you go over the deposit information, then hit submit to process your deposit if they are right.
Most banks offer this deposit option as a convenient way for their customers to add money to their accounts. If you aren’t sure if your bank offers this option, you can always call a representative from your bank or go online to find out.
Having understood what mobile deposits are, let’s revisit the primary purpose of this article:
Like most transactions done in the bank, mobile deposits don’t go through on weekends. This is because most banks don’t open on weekends. But, this doesn’t mean you won’t be able to initiate a mobile deposit on weekends. Mobile deposits can be initiated anytime and any day.
However, if you make one on the weekend, it will likely appear in the next two business days. The first business day will be used to process the deposit, and by the next business day, the funds should be ready.
Contact your bank if there is a significant delay in your mobile check deposit.
Can You Make a Mobile Deposit on Sunday?
Thanks to the introduction of mobile check deposits, you can deposit a check without visiting your bank. All you need is a smartphone and the mobile banking application of your bank. The process is straightforward and convenient, making it one of the best ways to send money. But, before you decide to adopt this method, it makes sense to find out if it works on weekends, like Sundays.
You can make a mobile deposit anytime you want. Be it on a Sunday, Saturday, Monday, Tuesday, etc. This is possible as it doesn’t require you to visit your bank in person. All you have to do is take a picture of the check and initiate the deposit.
While it is possible to make a mobile deposit on Sunday, you should understand that the transaction will be processed the following business day and may be available the day after that.
