Depositing cheques is a snap. With Deposit Anywhere, you can quickly and securely deposit cheques with your smartphone or tablet from anywhere, day or night. So whether you're at coffee with friends, at work, or staying up late to get your banking done - any time is the right time to deposit cheques.
Here's how it works:
Open your Edam Credit Union Mobile Banking App on your smartphone
Choose the Deposit icon
Select the account the cheque will be deposited to
Enter the amount of the cheque
Write For Deposit To: and your account number on the back of the cheque
Snap a photo of the front and back of your cheque
Confirm the details and tap submit. That's it!
After you have confirmed your deposit, write "Deposited via Mobile" across the front or the back
of the cheque, without obscuring the cheque, as a reminder that it has been done.
Put the cheque in a secure location in case the original is required for any reason.
Keep the item for a minimum of 90 days and destroy it within 120 days.
Note: Cheques must be payable in Canadian dollars and drawn at any Canadian finacial institution.
They must be payable to, and endorsed by the account holder.
It's so easy. Watch this video on how to Deposit Anywhere.
Free, Fast and Secure.
Deposit Anywhere is a free service and just as secure as depositing your cheque at a branch. Plus, it's fast. Most people complete their deposit in less than a minute and can do it from anywhere and at anytime.
Please Note: A 5 day hold will be placed on funds deposited. Consequently, funds deposited will not be available until the holds are released. If you require immediate access to funds you have deposited contact our office to discuss your options.
IMPORTANT DEPOSIT ANYWHERE INFORMATION:
When using Deposit Anywhere to deposit cheques, the funds will always appear in your account immediately if you have completed the process successfully. However, if you complete the process after 7:00 pm, your deposit will not be effective until the following day.
Result: Your balance will reflect the deposit immediately, however if you use any of those funds before the next day, you will be charged overdraft interest for one day because the deposit is not actually effective until the following day.
If you have any questions or concerns or feel you may have experienced this unknowingly, please do not hesitate to give us a call!!