Freedom is depositing a cheque with Deposit Anywhere™.Free Yourself. Deposit a cheque just by taking a photo of it with the mobile banking app. Show For us, freedom is ensuring you have more time to enjoy life's moments. What those moments are and what freedom represents for you is as unique as you are. Imagine getting ready to paddle off on a lakeside adventure and you realize you didn't deposit the cheque on your way through town. That's the kind of convenience offered by Deposit Anywhere™, a special feature available with our mobile banking app. Not yet signed up for mobile banking? Download the app today and get set up in minutes. Don't miss out on discovereing what freedom is for you. Now you can deposit cheques quickly and securely from your iPhone or Android device through our Mobile Banking App. How Deposit Anywhere™ works:
Check out the tutorial video to learn more about Deposit Anywhere: What do I need?
Frequently Asked QuestionsWhat is Deposit Anywhere™? Who can use Deposit Anywhere?This feature can only be used by our members with online banking, who have downloaded the Victory Credit Union Mobile Banking App. It can be used for deposits into your savings or chequing accounts. This feature is not yet available to our commercial members. How does it work?Deposit Anywhere is easy to use. Simply open the app, tap “deposits,” select your account, enter the amount and take a picture of the front and back of your cheque. Confirm the details and submit. That’s it. The funds immediately appear in your account, subject to normal hold periods. After depositing a cheque with Deposit Anywhere, do I have access to my funds right away?Similar to deposits at an ATM or in the branch, funds immediately appear in your account with availability subject to normal hold periods. Do I have to mail in the physical cheque after I use Deposit Anywhere?No, you do not need to send us the cheque, but you are required to keep your cheque for 90 days after which it must be destroyed. Is there a cost to use Deposit Anywhere?No, Deposit Anywhere is free. Is there a maximum dollar amount that I can deposit daily?No, there is no daily deposit limit. Is there a limit on the number of cheques that can be deposited using the service?No, there is no limit to how many cheques you can deposit using this app. What if I take a bad picture of the cheque?Central 1’s Mobile Remote Data Capture solution performs over 30 image quality assurance tests on each picture submitted to ensure that the image is accurate and that each field can be read. If the image does not meet all the criteria, the deposit transaction fails and you will be asked to take a new picture. What happens if the same cheque is deposited twice?An item is considered a duplicate when two items have the same cheque number, account, transit and amount. There are two main ways that a duplicate cheque would be detected:
Can Deposit Anywhere be used in the US?Deposit Anywhere is available for download only in Canada. Once it has been downloaded, you can use it anywhere in the world. Can I deposit a foreign currency cheque using Deposit Anywhere?Deposit Anywhere can only deposit Canadian cheques including:
Is there a risk of fraud with Deposit Anywhere?With Deposit Anywhere there are no additional security concerns beyond those currently associated with physical cheque deposits. Additionally, Deposit Anywhere meets the same high standards as Victory Credit
Union's mobile and online banking services. Are mobile check deposits available immediately?In some cases, a mobile check deposit can be available within just a few minutes of uploading the check into the mobile banking app. However, it usually takes around one business day for deposits to go through. Following instructions from the bank carefully regarding uploads can speed up the deposit timeline.
How long after mobile deposit are funds available?Unless a hold is placed, deposits on a business day before cutoff time will be processed that night and are generally available the next business day.
Are deposits available immediately?With some exceptions, money that you add to your checking account or savings account isn't always available to use right away. Federal regulations allow banks to hold deposited funds for a set period, meaning you can't tap into that money until after the hold is lifted.
How long does it take for mobile check?Depositing checks with your phone or tablet can take just a few moments, and you won't have to worry about finding the nearest branch or ATM. Your funds will be available for use usually within one business day, though some financial institutions may charge a fee if you want to access them immediately.
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