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"Vancity Mobile Deposit" - Tips from your local Cloverdale Realtors


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Blog by Bettina Reid | July 4th, 2014


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I am so excited Vancity is now providing cheque deposits using your mobile device. No more cheques sitting in your wallet for weeks or even months because you keep forgetting to go into a branch to make a deposit. (Of course, I mention this because I was one of those people.) There is very little reason for me to visit my community branch when my paycheque is paid directly into my account (like most people nowadays) and all my bills are paid online.

Vancity is certainly not the first banking institution to do this but it is good to see they are ahead of some of the major banking institutions. There are a number of credit unions across the province that provide mobile cheque deposits, Westminster Savings, Prospera and Envision Financial to name a few. In this age of technology it is surprising to see that there are more credit unions with this technology even though they have no where near as much money to spend as the big Banks do. I could be wrong but CIBC seems to be the only major Bank that I could find that offers this outside of the credit unions. 

If you are lucky to bank with a banking institution that offers photo depositing. All you need to do is login to your mobile app whether on IOS (iPhone, iPad or iPod Touch), or Android devices. Once you have logged in choose the deposit icon, snap a photo of both the front and back of your Canadian cheque and voila the funds will be deposited into your account. You may not have access right away, all depends on what kind of holds your banking institution has on your account. If you need the funds immediately you may still need to do it the old fashioned way and visit your local branch. 

They do ask for security reasons that you write on the back of the cheque before snapping a photo “For deposit only to [your account number and branch number].” Then of course ensure that you personally sign it.

After you have uploaded it, it is a good idea to keep the cheque on file for no more than 4 months writing “Deposited” across the front. Then after 4 months destroy the cheque. 

For a list of the credit unions that support mobile deposit visit the following link: 

Deposit Anywhere

In this day and age where time is money…now you not only save time. You save the gas money it takes to go to a branch and you can do it from the comfort of your home, car or wherever you get the cheque from on the spot. Even better you get to do it any time of day you want!