Most of us often deposit physical checks in the bank. Sometimes, we all need to deposit physical checks on the go. Luckily, that’s possible using the Cash App.
Many smartphone users cash their checks electronically using peer-to-peer (P2P) applications on their devices. Cash App is one of the popular applications for online banking.
Let’s say you are rushing to deposit a physical check and don’t want to visit the bank. In this article, we’ll cover a step-by-step method of how you can deposit the check using Cash App.
Step #1: Prepare the Check
Before you use the Cash App to transfer the physical check, you’ve to ensure that your physical check is ready. Below is the list of requirements to ensure a smooth process.
- The name on the check should be the same as the Cash App account holder. Your name should be on the physical check if it’s your account.
- The check should be in US dollars.
- The amount on the check should not exceed the deposit limit of your Cash App account. For more information, find the account limit on the Cash App website.
- The check is not expired.
- The check is signed, and you have written “Cash App Deposit” under your signature.
Step #2: Launch Cash App
Now, open your phone and locate Cash App. Tap the application icon and wait for it to open. Next, click the bank icon. This icon consists of a bank with pillars, and it is located at the bottom-left corner of the screen.
Step #3: Choose the Check Option
Once you click the bank icon, you’ll get a new screen. From there, click the “Check” button. This option allows you to enter the check details, scan the physical check, and make it ready for deposit.
Step #4: Enter the Check Details
After you click the “Check” button, you’ll be asked to enter the check amount. Type the correct amount using the keypad that appears on the screen. Next, click “Confirm Amount” to continue with the process.
Step #5: Confirm the Check
Next, you’ll be asked to confirm the front and back of the check. In this step, you’ll first click the button “Confirm” at the front of the check. Make sure to click this button only if your check is written correctly.
Similarly, you’ll click “Confirm” at the back of the check only if the back of the check is the same as the one shown on the screen.
Step #6: Snap the Check Photo
After confirming the check, tap the “Take Photo” option next to the “Front” label. It will open your phone camera. With the help of the grid that appears on the screen, position the camera on the check. The Cash App will take a picture automatically if the check is clear.
Follow the same steps to take a photo of the back of the check. You’ll press the “Take Photo” button next to the “Back” label this time.
Step #7: Submit the Check
Lastly, press the “Submit” button to submit the check via Cash App. You’ll get a confirmation message stating the acceptance of the check by the Cash App.
Acceptance of the check depends on the eligibility requirements of the Cash App. It also depends on the account status. If the account is in good standing, the check gets approved quickly. However, you must still preserve the original physical check for 2 weeks. After this period, you can either mark it as void or destroy it.
And that’s a wrap! We’ve looked at the step-by-step method to cash a check on the Cash App. The simplest way is to open the app and scan the physical check. Also, don’t forget to keep the physical check for two weeks before discarding it. For more information, visit the official website.
Frequently Asked Questions
No, the Cash App does not deposit the checks instantly. Depending on the type of check, the amount, and the day you’ve deposited the check, the process takes 1-15 business days to cash the check.
After submitting the check picture, wait for the application’s confirmation message. The company will contact you via email if there is a problem with the check.
Normally, it takes up to 4 business days for the amount to appear in your account. However, the process can take up to 15 days, depending on the type of check.