Online check cashing isn’t anything new. However, we’re living in the new normal during which most of the work we do is generally online. Therefore, if you’ve a check to cash and wish to avoid visiting the nearest branch of your bank, here’s the way to do so online.
There are two distinct ways for how to cash a check online i.e. by check cashing apps and via do you know how to cash a check online?computer. Here I will describe both of them. You can select the one that best suits your needs.
Depositing a Check Online
Actually, you need to deposit a check in your bank account to cash it. There’re two distinct ways of doing so. However, first you’ll need to check with your bank if they provide the online check deposit facility. In fact, several banks offer this facility. However, some offer it only for holders of premium accounts while others offer it to all their customers.
There’re two distinct ways to deposit a check online with your bank. Here I will explain both these ways.
Check Deposit Through App
A lot of banks have apps with the check deposit facility. If your bank provides one, follow these simple steps. That way, you can always cash a check easily from your bank.
Register for Online Check Deposit
As I mention earlier, some banks offer an online check deposit facility through their apps for select customers only. And even if you’re one such a customer, you’ll have to register to utilize this facility. Therefore, register for online check deposit through app with your bank.
Fill in Check Details
Once you’ve successfully registered with the bank for online check deposit, the second step is to login on your mobile banking app. Click on the check deposit service and fill out details of the check.
This means, filling in details such as the bank on which the check is drawn and the date. Also include the check number.
Fill in the Correct Amount
The next step is to fill in the exact amount as indicated on the check. You’ll have to mention these both in figures and words. Usually, there’ll be two separate columns where you can fill in these details.
Scan the Check
The last step is to scan the check using the camera on your smartphone. Remember, the picture of your check or it’s scan has to be very clear for the bank’s software to capture details including your name, bank details, date and amount.
Some banks require that you endorse the check with your signature and write your account details on the reverse.
Depositing a Check Through Computer
You can also use a computer to deposit and cash a check online. This facility is also available from select banks only. If you hold an account with a bank that allows online check deposit, here’re the steps to follow.
Register for Online Check Deposit
Like with the app, you’ll have to register to use the online check deposit service through computer. Thanks to the new normal, lots of banks are now offering this service to their customers. You can simply fill out the necessary details for registration online and submit to your bank.
Endorse Your Check
The second step to take is endorse your check by signing on it’s reverse and mentioning your account number. The process could differ according to the bank, but usually, you would have to endorse the check by signing it on the reverse.
Go to the Online Check Deposit Link
Login to your net banking portal and click on the online check deposit link. Here you’ll have to fill out details such as drawee bank of the check, amount and your name, check number and date. There will be separate columns to fill in these details.
Scan and Upload
To deposit a check through computer, you’ll require a superb scanner. To upload the check online, scan the front and reverse sides of the check. Upload these images in the right sections and submit. Now you’re check is already with the bank.
Regardless whether you’re using a mobile app or computer, your bank will usually send an acknowledgement either instantly or through email about your check deposit.
With these above steps, you’re ready to cash a check online easily.
17 Easy Ways to Cash a Check Online
Now that you’re aware of the steps to cash a check online, here’re some easy ways to do so. I’ll be writing about various private apps and those owned by banks where you can easily cash a check online.
You could select the ones according to your needs.
Online Check Cashing Through Check Cashing Apps
There’re several third-party apps which allow you to cash a check. However, you’ll have to check with your bank if they accept check deposits through these apps. Also find out whether these apps will allow the money to be credited to your prepaid debit cards or directly to a bank account.
PayPal is the best cash checking app that you can use for online check cashing. Since PayPal is usually connected to your mobile wallet or a bank account, you’ve the options of choosing where to deposit the cash.
They usually take a week to 10 days to cash your check. However, if you require instant credit to your wallet or bank account, PayPal charges a fee of 2.5 percent to five percent of the check value.
Ingo is one of the reliable check cashing apps where you can cash a check online. However, find out if the app supports your bank’s online check deposit and cash credit to your account. Ingo also takes between a week and 10 days to cash your check.
Instant online check cashing and credit is available for full amount or part of the amount for a small fee, ranging from three percent to five percent of the check value.
It’s possible to deposit a check online and get the cash in your PayPal mobile wallet, bank account or a prepaid debit card through Ingo.
They usually take about 10 days and sometimes more, if there’s a weekend in between, to cash your check. However, you can request part of the check amount for instant credit for a small fee.
Chime is another wonderful app to cash a check online easily. Simply follow the steps that I mention earlier to upload your check on this app. However, also check whether Chime can credit the money to your bank, mobile wallet or prepaid debit card.
They do support a lot of banks, prepaid debit cards and major mobile wallets such as PayPal. Chime takes about 10 days to cash your check, with instant credits available for part or full amounts for a fee that can go up to five percent of the check value.
5. Green Dot
Green Dot is useful if you’re not in a hurry to get the cash. They take over a week to cash your check online. Generally, they will deposit the money directly to your bank account or prepaid mobile card.
Find out whether they support your prepaid debit card for depositing the cash.
Green Dot also supports credit cards such as those from Walmart and other providers. Therefore, you can easily top up a credit card that Green Dot supports by depositing a check.
6. ACE Elite
And finally, Ace Elite. This is an amazing app known for cashing your check in three days to seven days. They generally provide cash deposits directly to select banks and prepaid debit and credit cards.
You can also top up your mobile wallet with the money you get from the cash. If you want instant credit, they charge a small free starting at three percent of your check value.
However, this is a very reliable third-party app easy online check deposit and cashing.
You can cash a check online on Brink’s Money easily. They cash all kinds of checks. You can request the credit to your bank account, prepaid debit card or even top up your credit card with this app.
They provide instant credit for a fee. And they take about 10 days to clear your check and deposit the cash in your bank account.
Cashing Checks through Bank Apps and Websites
Several top banks in America also provide the facility to deposit and cash a check online. Usually, most banks will credit the money to your account in three working days.
And in some cases, they could give you instant credit too, either for the full amount or for a part of the check value, up to a maximum of $500.
8. Charles Schwab Bank
Schwab offers you the facilities to deposit a check online, through net banking or their app. The money is credited to your account either the same day or within three working days. In some cases, you can also get instant credit of the money worth the check amount.
9. Chase Bank
This is also for its customers Chase allows you to deposit and cash a check online with ease. You can use their mobile banking app or net banking to deposit a check online and cash it.
They credit the money the same day, if you deposit before 11am and after two to three days if you deposit after that time. In some cases, you can request instant credit of the check amount too.
Use Merrill-Lynch’s mobile banking app or website to upload and deposit your check online from the comfort of your home. This facility is available for Merrill-Lynch customers across America.
They cash government, municipal and other similar checks instantly too. Meaning, you get the cash credited to your account within a few minutes,
11. Wells Fargo Bank
If you’re a customer of Wells Fargo and cannot visit the nearest branch for depositing a check, you can do so online.
They provide the online check deposit and cashing facility through their mobile banking app and net banking services. Read their terms and conditions, accept them, scan your check on their app and deposit it to get the cash.
12. Bank of America
Similar to other banks, Bank of America or BoA also offers the same facilities of uploading and cashing a check from your home or office.
You’ll have to scan the check on a scanner or take its picture using their mobile banking app and upload to cash it. BoA also provides instant credit in some instances. Usually, they take about three days to deposit the cash in your account, in the normal process.
13. US Bank
As a US Bank customer, you can avail their online check deposit facility. Use your net banking portal to register for this service. And they also have an app where you can deposit a check online, using the processes that I’ve explained above.
They take three to four days to cash a check if you deposit it by 10am local time and three days if you deposit after 10am.
14. First Midwest Bank
First Midwest Bank offers you the facilities of depositing a check online too. You could use either their app or their net banking portal to deposit a check for cashing.
Read their terms and conditions as well as procedures to cash a check online before you proceed. They provide some part of the check amount as instant credit for a small fee.
Scan your check or take its picture and upload on GoBank’s mobile app or net banking portal to cash a check easily. They also provide instant credit for salary checks, up to a specific amount only, depending on your income and without fees.
For the full amount to be credited instantly, you might have to pay about two percent of the check value as their service charges.
16. Bank Santander
Though Bank Santander doesn’t have many branches across America as some other banks, they do have a superb net banking portal and app that allows you to easily cash a check online.
The service is free, like every other bank. Check their website on how to upload the check for cashing. You can also use the Bank Santander app.
17. TD Bank
One of the fastest and easy ways to cash a check online is from TD Bank, if you’re an account holder here. Simply upload the check on their mobile banking app or net banking portal to get the cash.
TD Bank also accepts all kinds of checks and provides instant credit for salary checks and government checks. They take about three days to credit the cash to your bank in some cases.
It’s very easy nowadays to cash a check online. Most top banks provide the service and there’re third-party apps that you could also use. Cashing a check online saves a lot of time and hassle of visiting the bank to deposit one.
However, you need to be careful and provide correct details of the check and your account on these apps and net banking portals to get the money fast.
Always use a secure Internet connection while accessing your banking or other app to upload the check. Since every app and bank has different requirements, make sure you read them carefully to deposit the check.
This would help you get the money faster. And as a rule, always destroy or cancel the check so that it can’t be reused, should it get stolen or misplaced.