Mobile Check Deposit Limits
There was no way people could deposit checks via their phones in the 90s, so it’s great you can do so now. It is more convenient because you don’t always have to line up at your local bank.
Mobile check deposits have limits; all responsible customers must know not to go over them. Find out here exactly what they are.
What Are The Limits in Mobile Check Deposits?
Mobile check deposit limits will vary according to bank, usually measured daily and monthly. Discover each bank’s limits below.
If your account is new or you’ve just opened within the last 90 days, the limit could be as low as $50. For personal accounts, the limit varies from $500 to $2,500 per day, depending on how long your account has been open.
The daily limit for this bank is $2,500, while the 30-day limit is $5,000. You will see your mobile check deposit limit for each eligible account in the app.
Bank of America
This bank usually sets monthly limits depending on when you opened your account. If your account is less than 3 months old, your limit is $2,500 per month. For those 3 months old or above, your limit is $10,000 per month.
This bank also has a Preferred Rewards program, which offers limits of $25,000 monthly for accounts fewer than 3 months opened and $50,000 for those more than 3 months in existence.
According to their website, this bank has generous daily and monthly limits. According to a Capital one branch banker, the standard limit is $5,000 daily.
This bank’s mobile check deposit limit is $2,000 per day and $5,000 per month for all customers, regardless of how long the account has existed.
For customers whose accounts are less than 6 months old, your limit is $500 per day and $1,500 monthly. If it has been active for 6 months or more, your limit is $1,000 per day and $3,000 monthly.
If you opened your account 90 days ago or less, the limit is $500 per day and $1,000 per 30 days. If the account is at least 90 days old or more, the limit is $2,500 per day and $5,000 per 30 days.
This bank also provides a higher limit of $25,000 per month for BB&T wealth management clients.
This bank’s limits are $1,000 per day and $2,500 per month for accounts less than 30 days old. If, on the other hand, your account exists for 30 days or more, the limits are $2,500 per day and $5,000 per month.
If you opened your account 6 months ago or less, your limits are $1,000 per check and $5,000 per month. For above-6-month accounts, your limit is $8,000 per month.
SunTrust private clients have a higher limit of $25,000 monthly.
The mobile check deposit limits in this bank are more detailed:
|Lifespan of Opened Account||Limit Per Day||Limit Per 30-Day Rolling Period|
|3 to 6 months||$1,000||$2,500|
|6 to 12 months||$2,500||$3,500|
|More than 12 months||$2,500||$6,000|
Naturally, the longer your bank account’s lifespan, the higher your mobile check deposit limits will be.
As you can see, many banks have relatively similar limits, yet others have higher ones. It’s up to you what you want to have and how your chosen bank can tailor-fit its other services to your banking habits.
See also the limits which mobile-only banks provide.
Check Deposit Limits of Mobile-Only Banks
Nowadays, more and more people rely on mobile banking, and you need higher deposit limits since, usually, these institutions don’t have brick-and-mortar branches for you to visit. See below the limits these banks offer.
|Online bank||Mobile deposit limit(s)|
|Ally Bank||$50,000 per day or $250,000 per 30-day period|
|Bank of Internet||$10,000 per day or $50,000 per 30-day period|
|Capital One 360||$5,000 or 20 checks per day, or $10,000 per month|
|PayPal||$5,000 per day or $10,000 per month|
|TIAA Direct||$30,000 per day or up to 6 checks per day|
With this list, you have more options: choosing a bank with a physical presence or a mobile-only one. You have the freedom to choose from both.
You should monitor your check deposits and their amounts to avoid exceeding the limits. It will help to know your chosen bank’s regulations regarding them.
Whichever ones you have, though, regular deposits will save you the time you would otherwise spend going to your bank’s branch. Every checking account holder should avail of them.
What is a mobile check deposit?
A mobile check deposit allows you to deposit checks into your bank account using the camera on your smartphone or tablet.
How do mobile check deposits work?
The steps to depositing your check online are as follows:
1. Sign your check
2. Choose an account
3. Enter the check amount
4. Take photos of the front and back of your checks
5. Review the info you entered
What are daily deposit limits?
A daily deposit limit is the maximum amount you can deposit each calendar day using your mobile banking app.
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