<\/span>What is a Mobile Deposit?<\/strong><\/span><\/h2>\n\n\n\nA mobile deposit sounds and looks like a traditional deposit you\u2019d make with a physical check. Mobile check deposits allow you to deposit checks using your smartphone. That means you can add money to your account anytime, anywhere, without having to visit your bank branch.<\/p>\n\n\n\n
Although brick and mortar branches still stand, this method of depositing money once you open a business bank account<\/a> is becoming more popular. According to Business Insider Intelligence\u2019s Mobile Banking Competitive Edge Study<\/a>, 89% of respondents use mobile banking. The study also found that 97% of millennials rely on mobile banking, as well as 91% of Gen Xers and 79% of baby boomers. <\/p>\n\n\n\n<\/span>How Does Mobile Deposit Work? <\/strong><\/span><\/h2>\n\n\n\nWith the help of your smartphone, you can deposit checks anytime, from anywhere. To mobile deposit a check into your business account, you must take a photo of the front and back of the check. To make a deposit from your phone, simply\u00a0endorse the check<\/a>\u00a0as you normally would, snap a photo of the front and back, and submit it through your bank\u2019s mobile app.<\/p>\n\n\n\n![\"How](\"https:\/\/www.northone.com\/blog\/wp-content\/plugins\/media-ace\/includes\/lazy-load\/images\/blank.png\")
<\/figure>\n\n\n\nInformation on your check, including the check number, account number, numeric account box, and signature line, needs to be clear in order for your check to deposit and clear. When taking a photo of your check, be sure to snap it in bright lighting for a sharp image.<\/p>\n\n\n\n
Don\u2019t write your check off as \u201cdeposited\u201d until you\u2019ve received confirmation that it successfully went through. Otherwise, you may have to try again. <\/p>\n\n\n\n
<\/span>Can You Deposit a Check Online?<\/strong><\/span><\/h2>\n\n\n\nYou can only deposit checks online using a mobile device, like your smartphone, specifically through your bank\u2019s mobile app. You can\u2019t deposit checks by logging on to your bank account through your desktop or laptop computer. Since you need a mobile banking app to deposit your business checks, you need to have a stable (and secure!) internet connection. <\/p>\n\n\n\n
Be diligent about using secure servers when logging into platforms with sensitive information like your business bank account. Unsecure servers can make your personal information (like account numbers, usernames, and passwords) vulnerable to scammers and fraud. <\/p>\n\n\n\n
<\/span>How Long Does a Mobile Check Take to Deposit? <\/strong><\/span><\/h2>\n\n\n\nWhile mobile check deposits help you save time by avoiding a trip to your local branch, don\u2019t expect your funds to be instantly available. After a mobile check has not only been deposited, but also approved<\/em>, it can take several business days before the money is available. Ultimately, the specific timing comes down to your particular bank of choice. <\/p>\n\n\n\nYour bank\u2019s app may show the new balance right away, but this doesn\u2019t necessarily mean the money is available. Look for the available balance <\/em>to understand how much of your small business\u2019s funds are accessible. <\/p>\n\n\n\n<\/span>Should You Switch Your Small Business to Mobile Banking? <\/strong><\/span><\/h2>\n\n\n\nMobile banking has made managing your small business\u2019s finances easier and more convenient just as technology has made so many things easier in our lives. This is a good thing! Exclusively mobile banks like North One will provide the flexibility you need to spend more time and energy on growing your business. <\/p>\n\n\n\n
<\/span>Avoid Fees<\/strong><\/span><\/h3>\n\n\n\nThese types of banks typically have no monthly maintenance fees associated with depositing or transferring money between accounts. Keep more of the money you\u2019ve <\/em>earned. <\/p>\n\n\n\n<\/span>Support the Environment and Your Small Business<\/strong><\/span><\/h3>\n\n\n\nUsing an exclusively mobile bank eliminates the need for paper checks or forms, making this an environmentally friendly solution to managing your finances. <\/p>\n\n\n\n
<\/span>Increased Flexibility<\/strong><\/span><\/h3>\n\n\n\nThe life of a driven entrepreneur doesn\u2019t always follow a schedule, and sometimes your business can\u2019t sleep (even when you want to). North One\u2019s customer service is available 24\/7, allowing you to troubleshoot with a real person if you hit some serious roadblocks. Additionally, you\u2019ll have access to your finances and cash flow insights around the clock, helping you deposit checks whenever and keep a thumb on your accounts at all times. <\/p>\n\n\n\n
<\/span>Financial Transparency<\/strong><\/span><\/h3>\n\n\n\nAccess in-depth analytical insights into your small business\u2019s finances. Besides your business checking and savings accounts, mobile banking like North One lets you dive into your cash flow insights right from the same app. This will help you track spending while also monitoring where your money is going. This is especially important when conducting a cash flow analysis<\/a>, which can help you create an effective business budget<\/a>. <\/p>\n\n\n\n
<\/span>How Does Mobile Deposit Work? <\/strong><\/span><\/h2>\n\n\n\nWith the help of your smartphone, you can deposit checks anytime, from anywhere. To mobile deposit a check into your business account, you must take a photo of the front and back of the check. To make a deposit from your phone, simply\u00a0endorse the check<\/a>\u00a0as you normally would, snap a photo of the front and back, and submit it through your bank\u2019s mobile app.<\/p>\n\n\n\n<\/figure>\n\n\n\nInformation on your check, including the check number, account number, numeric account box, and signature line, needs to be clear in order for your check to deposit and clear. When taking a photo of your check, be sure to snap it in bright lighting for a sharp image.<\/p>\n\n\n\n
Don\u2019t write your check off as \u201cdeposited\u201d until you\u2019ve received confirmation that it successfully went through. Otherwise, you may have to try again. <\/p>\n\n\n\n
<\/span>Can You Deposit a Check Online?<\/strong><\/span><\/h2>\n\n\n\nYou can only deposit checks online using a mobile device, like your smartphone, specifically through your bank\u2019s mobile app. You can\u2019t deposit checks by logging on to your bank account through your desktop or laptop computer. Since you need a mobile banking app to deposit your business checks, you need to have a stable (and secure!) internet connection. <\/p>\n\n\n\n
Be diligent about using secure servers when logging into platforms with sensitive information like your business bank account. Unsecure servers can make your personal information (like account numbers, usernames, and passwords) vulnerable to scammers and fraud. <\/p>\n\n\n\n
<\/span>How Long Does a Mobile Check Take to Deposit? <\/strong><\/span><\/h2>\n\n\n\nWhile mobile check deposits help you save time by avoiding a trip to your local branch, don\u2019t expect your funds to be instantly available. After a mobile check has not only been deposited, but also approved<\/em>, it can take several business days before the money is available. Ultimately, the specific timing comes down to your particular bank of choice. <\/p>\n\n\n\nYour bank\u2019s app may show the new balance right away, but this doesn\u2019t necessarily mean the money is available. Look for the available balance <\/em>to understand how much of your small business\u2019s funds are accessible. <\/p>\n\n\n\n<\/span>Should You Switch Your Small Business to Mobile Banking? <\/strong><\/span><\/h2>\n\n\n\nMobile banking has made managing your small business\u2019s finances easier and more convenient just as technology has made so many things easier in our lives. This is a good thing! Exclusively mobile banks like North One will provide the flexibility you need to spend more time and energy on growing your business. <\/p>\n\n\n\n
<\/span>Avoid Fees<\/strong><\/span><\/h3>\n\n\n\nThese types of banks typically have no monthly maintenance fees associated with depositing or transferring money between accounts. Keep more of the money you\u2019ve <\/em>earned. <\/p>\n\n\n\n<\/span>Support the Environment and Your Small Business<\/strong><\/span><\/h3>\n\n\n\nUsing an exclusively mobile bank eliminates the need for paper checks or forms, making this an environmentally friendly solution to managing your finances. <\/p>\n\n\n\n
<\/span>Increased Flexibility<\/strong><\/span><\/h3>\n\n\n\nThe life of a driven entrepreneur doesn\u2019t always follow a schedule, and sometimes your business can\u2019t sleep (even when you want to). North One\u2019s customer service is available 24\/7, allowing you to troubleshoot with a real person if you hit some serious roadblocks. Additionally, you\u2019ll have access to your finances and cash flow insights around the clock, helping you deposit checks whenever and keep a thumb on your accounts at all times. <\/p>\n\n\n\n
<\/span>Financial Transparency<\/strong><\/span><\/h3>\n\n\n\nAccess in-depth analytical insights into your small business\u2019s finances. Besides your business checking and savings accounts, mobile banking like North One lets you dive into your cash flow insights right from the same app. This will help you track spending while also monitoring where your money is going. This is especially important when conducting a cash flow analysis<\/a>, which can help you create an effective business budget<\/a>. <\/p>\n\n\n\n
![\"How](\"https:\/\/www.northone.com\/blog\/wp-content\/uploads\/2020\/05\/What-is-a-Mobile-Deposit.jpg\")
<\/figure>\n\n\n\nInformation on your check, including the check number, account number, numeric account box, and signature line, needs to be clear in order for your check to deposit and clear. When taking a photo of your check, be sure to snap it in bright lighting for a sharp image.<\/p>\n\n\n\n
Don\u2019t write your check off as \u201cdeposited\u201d until you\u2019ve received confirmation that it successfully went through. Otherwise, you may have to try again. <\/p>\n\n\n\n
<\/span>Can You Deposit a Check Online?<\/strong><\/span><\/h2>\n\n\n\nYou can only deposit checks online using a mobile device, like your smartphone, specifically through your bank\u2019s mobile app. You can\u2019t deposit checks by logging on to your bank account through your desktop or laptop computer. Since you need a mobile banking app to deposit your business checks, you need to have a stable (and secure!) internet connection. <\/p>\n\n\n\n
Be diligent about using secure servers when logging into platforms with sensitive information like your business bank account. Unsecure servers can make your personal information (like account numbers, usernames, and passwords) vulnerable to scammers and fraud. <\/p>\n\n\n\n
<\/span>How Long Does a Mobile Check Take to Deposit? <\/strong><\/span><\/h2>\n\n\n\nWhile mobile check deposits help you save time by avoiding a trip to your local branch, don\u2019t expect your funds to be instantly available. After a mobile check has not only been deposited, but also approved<\/em>, it can take several business days before the money is available. Ultimately, the specific timing comes down to your particular bank of choice. <\/p>\n\n\n\nYour bank\u2019s app may show the new balance right away, but this doesn\u2019t necessarily mean the money is available. Look for the available balance <\/em>to understand how much of your small business\u2019s funds are accessible. <\/p>\n\n\n\n<\/span>Should You Switch Your Small Business to Mobile Banking? <\/strong><\/span><\/h2>\n\n\n\nMobile banking has made managing your small business\u2019s finances easier and more convenient just as technology has made so many things easier in our lives. This is a good thing! Exclusively mobile banks like North One will provide the flexibility you need to spend more time and energy on growing your business. <\/p>\n\n\n\n
<\/span>Avoid Fees<\/strong><\/span><\/h3>\n\n\n\nThese types of banks typically have no monthly maintenance fees associated with depositing or transferring money between accounts. Keep more of the money you\u2019ve <\/em>earned. <\/p>\n\n\n\n<\/span>Support the Environment and Your Small Business<\/strong><\/span><\/h3>\n\n\n\nUsing an exclusively mobile bank eliminates the need for paper checks or forms, making this an environmentally friendly solution to managing your finances. <\/p>\n\n\n\n
<\/span>Increased Flexibility<\/strong><\/span><\/h3>\n\n\n\nThe life of a driven entrepreneur doesn\u2019t always follow a schedule, and sometimes your business can\u2019t sleep (even when you want to). North One\u2019s customer service is available 24\/7, allowing you to troubleshoot with a real person if you hit some serious roadblocks. Additionally, you\u2019ll have access to your finances and cash flow insights around the clock, helping you deposit checks whenever and keep a thumb on your accounts at all times. <\/p>\n\n\n\n
<\/span>Financial Transparency<\/strong><\/span><\/h3>\n\n\n\nAccess in-depth analytical insights into your small business\u2019s finances. Besides your business checking and savings accounts, mobile banking like North One lets you dive into your cash flow insights right from the same app. This will help you track spending while also monitoring where your money is going. This is especially important when conducting a cash flow analysis<\/a>, which can help you create an effective business budget<\/a>. <\/p>\n\n\n\n
While mobile check deposits help you save time by avoiding a trip to your local branch, don\u2019t expect your funds to be instantly available. After a mobile check has not only been deposited, but also approved<\/em>, it can take several business days before the money is available. Ultimately, the specific timing comes down to your particular bank of choice. <\/p>\n\n\n\n Your bank\u2019s app may show the new balance right away, but this doesn\u2019t necessarily mean the money is available. Look for the available balance <\/em>to understand how much of your small business\u2019s funds are accessible. <\/p>\n\n\n\n Mobile banking has made managing your small business\u2019s finances easier and more convenient just as technology has made so many things easier in our lives. This is a good thing! Exclusively mobile banks like North One will provide the flexibility you need to spend more time and energy on growing your business. <\/p>\n\n\n\n These types of banks typically have no monthly maintenance fees associated with depositing or transferring money between accounts. Keep more of the money you\u2019ve <\/em>earned. <\/p>\n\n\n\n Using an exclusively mobile bank eliminates the need for paper checks or forms, making this an environmentally friendly solution to managing your finances. <\/p>\n\n\n\n The life of a driven entrepreneur doesn\u2019t always follow a schedule, and sometimes your business can\u2019t sleep (even when you want to). North One\u2019s customer service is available 24\/7, allowing you to troubleshoot with a real person if you hit some serious roadblocks. Additionally, you\u2019ll have access to your finances and cash flow insights around the clock, helping you deposit checks whenever and keep a thumb on your accounts at all times. <\/p>\n\n\n\n Access in-depth analytical insights into your small business\u2019s finances. Besides your business checking and savings accounts, mobile banking like North One lets you dive into your cash flow insights right from the same app. This will help you track spending while also monitoring where your money is going. This is especially important when conducting a cash flow analysis<\/a>, which can help you create an effective business budget<\/a>. <\/p>\n\n\n\n<\/span>Should You Switch Your Small Business to Mobile Banking? <\/strong><\/span><\/h2>\n\n\n\n
<\/span>Avoid Fees<\/strong><\/span><\/h3>\n\n\n\n
<\/span>Support the Environment and Your Small Business<\/strong><\/span><\/h3>\n\n\n\n
<\/span>Increased Flexibility<\/strong><\/span><\/h3>\n\n\n\n
<\/span>Financial Transparency<\/strong><\/span><\/h3>\n\n\n\n
![\"Deposit](\"https:\/\/www.northone.com\/blog\/wp-content\/uploads\/2020\/05\/Blog_checkCTA_Banner-1.jpg\")
<\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"