Learn about the Bank of First Deposit (BOFD) and its role in check processing. Discover key differences between "on-us" and "transit" items and how they affect your transactions.
When a big check hits your account, it can feel like instant breathing room, but the banking system does not move at the speed of your mobile app. Behind that "pending" status is a tightly regulated ...
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What happens when you deposit a large check
When a five- or six-figure check hits your account, it can feel like instant money. In reality, a quiet chain of bank rules, federal regulations, and fraud checks kicks in before you can safely spend ...
Depositing a check used to mean driving to a branch and waiting in line. With an online bank, it usually means taking two photos and tapping a button. The process is simple, but there are a few ...
Remote deposit capture lets you deposit checks remotely using images. This technology simplifies banking by eliminating trips to the bank and offering 24/7 access.
Depositing $10,000 into a money market account is common. Here's what actually happens, including cash deposits, CTRs, and ...
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