Bank of the west mobile deposit funds availability policy

Q: What is Bank of the West daily limit?

Higher daily transaction limits4—up to $4,060 in ATM cash withdrawals and up to $15,000 in point-of-sale and other debit card transactions.

Deposit checks in a snap!

Tips for Taking Check Photos

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Deposit checks in a snap!
Activating Mobile Deposit
Get the App!
Deposit your check anytime, anywhere.
How to use Mobile Deposit
How much is available to you after a check deposit
Available Funds vs. Account Balance
How long does it take for a cashier's check to clear?
Why is an overdraft fee charged when a deposit was made on time?
Choose the right bank for your financial needs.
How soon are funds available after mobile deposit?
Does Bank of the West offer mobile deposit?
What is Bank of the West daily limit?

Help ensure mobile deposit success by following these simple tips when taking photos of your check.

Photo Tips

Step-by-Step Instructions

Let us walk you through each step of making a mobile deposit.

Make A Deposit

Reminders

Here are a couple things you need to know after depositing your check.

Go to Reminders

Activating Mobile Deposit

You got the app. Now you're ready to start making deposits.

Log in to mobile or online banking. Under Services, go to Mobile Deposit Enroll and click “I Accept.” The Deposit Check feature will show in the mobile banking app’s menu under Transactions and in the More menu in the upper right corner of the app’s home screen.

Get the App!

BankWest's Mobile Banking app is available on the App Store and Google Play.

Deposit your check anytime, anywhere.

Don’t get a check very often? Hate to drive all the way to the Bank to deposit it? You don't have to! With our mobile banking app you can take a picture of your check and deposit it anytime, from anywhere.

Enrolling is quick and easy. All you need is a checking or savings account enrolled in our online banking and our mobile app. We'll help you with the rest.

As with anything in life, there are a few rules:

Endorsements – Write “For Mobile Deposit CNB Bank” on the back where you would normally sign your name. That’s all that’s needed there. Simple, right?

Funds Availability - Mobile Banking deposits that are submitted by 6:00 PM ET on any business day will be credited to your account the same business day (provided no hold is placed and the deposit is not rejected). Deposits made after 6:00 PM ET will be credited to your account the next business day (provided no hold is placed and the deposit is not rejected). Business days are Monday – Friday, excluding Federal Holidays.

Limits – Daily Deposit Limit: 10 Items and/or $5,000 - Monthly Deposit Limit: 20 Items and/or $10,000.
Deposits – Only checks drawn on a United States bank that are made payable to the account owner (not from your account at another bank), and payable in U.S. currency may be deposited through Remote Deposit Anywhere.

How to use Mobile Deposit

1. Find your phone and log into online banking using our app you downloaded earlier.
2. Select “Deposits” from the My Accounts menu in the app.
3. Select “Deposit a Check”.

*Make sure your check is properly endorsed for mobile deposit, as mentioned above.

1. Click Check Front and take a photo of the front of the check as instructed on the screen. If the photo is acceptable, click Use. If not, choose Retake.
2. Click Check Back and take a photo of the back of the check as instructed on the screen. If the photo is acceptable, click Use. If not, choose Retake.
3. Enter the amount of your check.
4. Under Deposit to Account, select the account into which you would like the check to be deposited into. Use the drop down box at the bottom of the amount entry screen to access multiple accounts.
5. Review and select Deposit to complete your deposit. A confirmation screen will display your transaction ID number. You will also receive a confirmation email.
6. To review recent deposits, click on the Review Deposits option.

*Business accounts not eligible for Remote Deposit Anywhere. Contact us for Business Banking Options!

*CNB does not charge a fee for Mobile Banking. Your wireless carrier may charge fees. Contact your wireless carrier for more details.

Where you bank is a big factor when it comes to how long you must wait for a check to clear.

MyBankTracker took a peek at the most recent account agreements from all the nation's biggest banks which indicate it is policy to make funds from all check deposits available on the first business day after the deposit is received.

From firsthand experiences, you'll know that it isn't always the case. The reality is that it is very hard to determine exactly when a check will clear fully.

Quick answer: When you deposit checks through a bank teller, the teller can immediately tell you how long the bank will place a hold on your check deposit.

But, while you wait for check funds to clear, each of the banks makes an effort to provide at least some access to the check funds.

This courtesy is part of each bank's "fund availability policy."

How much is available to you after a check deposit

Bank	When funds become available:
Bank of America	The first $200 of the check amount is available for cash withdrawal no later than one business day after the deposit.
Wells Fargo	The first $200 of your deposit is available on the first or second business day after the deposit.
Chase	At least the first $200 of the check deposit will be available on the first business day after the day of your deposit.
Citibank	The first $200 of your total deposits will be available immediately on the business day of the deposit. Deposits of $5,000 or less usually clear within 3 business days. Deposits of more than $5,000 usually take 4 business days to clear.
U.S. Bank	The first $200 of the total check deposits will be available no later than the first business day after the deposit, usually available immediately.
Capital One	The first $200 of your deposit will be available on the first business day.
PNC Bank	The first $100 is available on the evening of the day of the deposit. An additional $100 is available on the first business day after the day of the deposit.
TD Bank	The first $100 is available on on the same day of the deposit. An additional $100 becomes available no later than the first business day after your deposit.
BB&T Bank	The first $200 of your deposit may be available on the first business day after the day of your deposit.
SunTrust Bank	The first $200 of each day’s total deposits will be available on the first business day after the day of the deposit. Additionally, up to $400 of a deposit of local checks is available at 5pm and after on the 2nd business day after the deposit. The remaining funds of the deposit of local checks will be available on the 3rd business day following the deposit.

Note:

Business days include Monday through Friday, excluding holidays.
Some banks reward long-time customers for their loyal support. Citibank, for instance, allows for an increased same-day deposit availability depending on the age of the account, as noted by a representative, "The same-day deposit availability increases as the accounts get older and with good banking relationship of the client."
New accounts are subject to different regulations. It takes many banks an additional day for checks to clear if an account where the funds are being deposited is less than 30 days old.

As you can see, check clearing times at the top banks are not all the same. Therefore, it is wise to understand the regulations put into place to the financial institution where you hold your money.

Understanding how long it will take for a check to clear once you deposit the funds can help you properly manage your money.

While mobile deposits have made the depositing process much more convenient, you still have to wait for the funds to clear, which can be frustrating, confusing and stressful.

It's easy to advise people not to deposit checks too close to when bills are due, but oftentimes it is not by choice -- people sometimes get paid late, and in general, are living paycheck to paycheck.

Being late on bills may incur late fees, and if payments from your account bounce, you will get charged expensive overdraft fees from your bank.

Frustrated with your bank?

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Available Funds vs. Account Balance

There are two different forms of verification that indicate your funds are available in your account.

The first is your available account balance, which is how much you have to use at your disposal.

The other is your actual account balance -- the total amount you have in your account, including funds that have yet to clear.

While your account balance may represent a higher number than the available balance, think of your available balance as a true indicator of the amount of money you can spend.

For anyone who actively deposits checks into their bank account, it is crucial to know check clearing times, especially if you manage more than one bank account.

Compare the times it takes a check to clear at the top banks to get an idea of when your deposited funds will be available.

How long does it take for a cashier's check to clear?

While the majority of banks make the funds from a cashier's check available to you the next business day, the funds are still at risk for being rescinded.

This happens in the instance that you deposit a counterfeit cashier's check.

There is an ongoing scam in which victims are given a counterfeit cashier's check to deposit.

It may take weeks for the bank to determine that it is fake -- and by this time the victim has most likely already spent the funds.

When this happens, the victim is, unfortunately, liable for the money spent, even if it was made available to the account from the bank.

Why is an overdraft fee charged when a deposit was made on time?

You may deposit a check in the hopes to avoid an overdraft fee, but your efforts may be in vain.

f you are on the cusp of being charged an overdraft fee, your best bet is to deposit cash, not a check.

As noted, it may take at least a few days for the funds from a check to be available for you to use when deposited into your account.

Banks only refer to a number of funds you have available when processing overdraft fees.

Therefore, you need to ensure that the funds will be available before your account reaches a negative balance.

If you do not deposit the funds with an adequate amount of time for your bank to fully verify the amount, you may be hit with overdraft fees.

Choose the right bank for your financial needs.

Look for a bank that clears checks in a short amount of time if you regularly deposit and write checks. Also, choose a bank that you feel has a reputation that you can trust.

For instance, MyBankTracker user expressed frustration about how Citizens Bank failed to deposit funds into the correct account, "Doing whatever it takes to stick it to the customer.

I deposit a tenant's rent check to my line of credit, they deduct it from a random checking account when it bounces."

If you have more than one account with the same bank and deposit a check or multiple checks, make sure that all funds are being deposited to the right accounts, as banks do make errors. Confirm with a teller or check your online statements.

In your research to find the perfect bank, make sure you find one that will accommodate your needs.

For instance, if you are always on the go and need funds to be available soon after you receive checks, choose a bank with more flexible hold times, such as one that makes funds available for mobile deposit the next business day.

How soon are funds available after mobile deposit?

Unless a hold is placed, deposits on a business day before cutoff time will be processed that night and are generally available the next business day.

Does Bank of the West offer mobile deposit?

Mobile deposit – Start by taking a picture of both sides of your endorsed check. Scan-to-Pay – Pay bills in a "snap" with Scan-to-Pay. Select or add a payee using your smartphone's camera, take a photo of your bill, and Scan-to-Pay will do the rest.