Imagine having your paycheck sitting on the kitchen table, but your spouse took the car to take the kids out on a weekend adventure. You need to access those funds quickly because tickets for the next big concert go on sale soon, but you have no way to get to an Arsenal branch in time. Luckily, you have the Arsenal app on your smartphone and can use the new remote deposit capture service to put funds into your account and nab those tickets before they sell out.
Even if you don’t have to make a quick or emergency purchase, remote deposit capture gives you the convenience of not having to make another stop on the way home from work or warming up your car in the middle of winter.
To take advantage of this service, all you need is a smartphone or tablet and an internet connection. To deposit a check into your account, simply endorse it with your signature and “for e-deposit only at Arsenal CU,” and then snap a picture.
Tap. Snap. Deposit. It’s as easy as that. The best part is that it’s free for consumer accounts.
When you make a deposit this way, we provide the same security as other transactions that involve our mobile app. Deposit availability is the same as any of our ATMs. You can use remote deposit capture wherever you are, 24/7, whenever you receive a check.
To access remote deposit capture, simply download our app from your phone or tablet’s mobile app market. If you already have the app, make sure to update to the latest version so you have access to the most recent features. Once in the app, sign up for the service by tapping the button at the bottom of your account overview. It takes approximately 24 to 48 hours to get approved,depending on if you start on a weekday or on the weekend.
For small business accounts
If you run your own business, keeping track of customers who pay by check can be a burden in an electronic world. With credit and debit card payments, everything is instant, while you have to make special trips to the credit union to deposit your checks. For more efficiency and greater security, deposit them electronically from your office or place of business instead.
Small business members can remotely deposit up to 50 checks each month at no cost; after 50, the cost is 50 cents for each deposit.