Have a check to deposit? Save time and a trip to the bank by snapping a photo of your check and sending it to your account using an Internet-enabled device like your smart phone or tablet!
It’s easy to get started:
That’s it! The True Mobile Deposit tool is built right into the Monona Bank Mobile app. No separate app is needed to deposit your checks using your Internet-enabled device (with a camera).
On the back of the check, please be sure to include the following:
OK, so it’s not rocket science. But it’s still banking and we need to make sure we tell you about the rules that govern this app.
Mark the checks that you have remotely deposited: After confirming the check was both received and processed by us for deposit, clearly write “Electronic Deposit on Date” (the date being the month/day/year of your deposit) in a blank area on the front of the original paper check.
Note: Retain the marked check for a minimum of 14 days after the deposit has been made, then proceed to destroy the check.
Availability of funds:
After making a True Mobile Deposit, a total of up to $200 per day will be available to withdrawal by the next business day, upon the approval of the check.
Deposits made through True Mobile Deposit before 6 pm (Central Standard Time) Monday-Friday will typically be processed that day. Deposits made using True Mobile Deposit after 6 pm (Central Standard Time) Monday-Friday or during weekends or holidays will be processed the next business day.
Most domestic checks can be deposited through True Mobile Deposit. Mobile Deposit is not available for Money Orders, Foreign Items or Savings Bonds.
Yes. The following table lists the limits currently in place.
|True Mobile Limits|
|Single item Dollar Limit||$5,000|
|Daily Dollar Limit||$10,000|
|Daily item Limit||10|
|Multiple Day Dollar Limit||$15,000|
|Multi-Day item Limit||20|
Clients must not reach the maximum number of times their account can be overdrawn, which are: