Timeline for Cashing Checks Via Photograph
Current License: CC BY-SA 3.0
5 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jun 10, 2012 at 16:51 | comment | added | user296 | After depositing a check remotely, my bank instructs me to keep the original, write 'processed electronically' on it on the front, then destroy it after 45 days. Your bank will surely provide instructions, probably similar instructions. | |
| Jun 9, 2012 at 20:07 | comment | added | littleadv | McCrhister, IIRC you should keep it until the statement posts, at least | |
| Jun 9, 2012 at 12:13 | comment | added | Natwar Lath | I also feel the low value checks could be cashed by the bank without proper verification. For higher limits, for security reasons, the bank may not process the transaction. | |
| Jun 9, 2012 at 9:32 | comment | added | MrChrister | Are you sure they can demand an original? My bank specifically tells me to destroy the check after 14 days. But +1 for the limit; mine limit with schwab is pretty low too. | |
| Jun 9, 2012 at 8:12 | history | answered | littleadv | CC BY-SA 3.0 |