A check is one of the oldest ways of sending money to others. It is also among the most used ways to make payments even today, although its usage is declining day by day. Most people in the modern generation do not understand what a check looks like or how it works. They are used to digital money transfer options such as ACH, wires, PayPal, Payoneer, Venmo, Skrill, etc. But how do I endorse a check to Chase mobile deposit?
It is important to note that you can deposit a check or cash it out at a financial institution once you get it. Chase is a financial company that operates online and at physical branches. It offers various services such as money transfer, money deposit, check deposit, and so much more. You can open savings and checking accounts from the institution online or at a branch. Having an account with the platform online is more advantageous as you can manage your finances right from your palm.
Since it is an online money transfer platform, depositing checks to the bank may seem an issue to some, but that is not the case. It is easy to deposit your check online using simple steps. You do not have to walk to the bank to deposit your check. As we shall see, you only need to take pictures, and you are good to go.
How to get a checkbook?
A checkbook contains several pages of checks whereby you can pluck a page when necessary. You can get a checkbook when you open a checking account with a bank or credit union. For example, if you want checks from Chase, you must open a Chase checking account first before ordering your checkbook.
You might be wondering what a checking account is. A checking account refers to a bank account that allows you to keep finances for your everyday uses. It is possible to open them either at a physical branch or online. Chase allows you to open your account online.
It is not automatic that you get a checkbook when opening an account. You have to request it from your financial company once you open your account. However, it is not a must to get a checkbook as you can always buy a cashier’s check when you need to write one to pay for something or send money to others.
How to write a check?
Writing a check is not that difficult. You should follow simple steps, and you are done. A check has various fields that you should fill out appropriately. First, you can start by writing the dates at the top of your check. Checks must be dated to determine their validity quickly.
After writing the dates, you write the Payee name on the line that indicates, “Pay to the order of,” immediately below the dates. The payee is the name of the person or company you’re paying. Leave it blank if you are unsure who you are paying to, as the payee information must be accurate.
After that, the next step is to write the amount in numeric form. There is a small box on the right-hand side where you should make sure you fill it so that no one can add their figures. Then below, you should write the amount in words and make sure that they conform to the numeric ones.
After that, you need to sign your check to show that you authorize withdrawals from your account. You should ensure that you use the same signature you used when opening your account to prevent the check from bouncing. Lastly, write a memo indicating why you are writing the check. Maybe you are writing it for school fees, for lunch, or for donation. At this point, the check is ready for use. You can record somewhere about the check you have written for accountability.
When writing a check, you need to ask yourself whether you have to write it. There are other methods that you can use other than checks. For example, you can make an instant wire transfer with routing and account numbers to an account of someone from another bank or branch online. Therefore, you do not need to waste your time writing a check.
How to get money out of a check?
Once you receive a check, the next thing is to deposit or cash it out at the most suitable financial institution. You can take it to a bank or credit union that you have an account with, and they can show you how to go about it. You can also cash out a check at any bank or credit union branch, even if you do not have an account.
When you deposit a check, your bank processes it and deposits the funds in your account. However, if your check is invalid, they will reject it and explain the possible reasons. Maybe the writer’s account does not have sufficient funds to cover the check, or they did not sign appropriately.
How to open a Chase account?
Before we look at how you can deposit a check using the Chase bank mobile app, it is crucial to understand how to open an account with the platform. In our case, we are interested in a checking account. First of all, you must have all the necessary items such as;
- An identification document such as a driver’s license, passport, birth certificate, or state ID
- Social security Number
- Phone number
- Physical address
- Email address
- Opening deposit. You can have cash if opening at a branch or a debit card for an online deposit. You can also do an ACH transfer to your account to deposit money. For example, you can transfer money from the Bank of America to Chase using the ACH money transfer method.
You should provide proof of address, and you need to provide things such as the lease documents, mortgage documents, utility bills, or bank statements.
Once you have everything with you, you can open your account. Chase allows you to open accounts online or at brick-and-mortar branches. Chase will probably run a credit check and see if you are in the ChexSystems. There are various checking accounts that you can open at Chase. They include the following.
i) Chase Total Checking ®
The account is the most famous account with various banking essentials. It charges monthly fees of $12 that you can waive if you meet specific requirements. Also, it allows you to make automatic transfers to your savings account.
Again, you can get Chase First Banking for your child to help them learn about banking early enough. Furthermore, you can get overdraft Services at no fee if overdrawn by $50 or less at the end of a business day.
ii) Chase Secure Banking
If you need a simple checking account with no overdraft fees, consider Chase Secure Banking. The account charges a $4.95 fixed fee and allows you to access around 16,000 ATMs and more than 4,700 branches for withdrawals and deposits.
The account allows automatic savings and permits you to get the Chase First Banking account. It does not offer paper checks.
iii) Chase Premier Plus Checking
You can open up to 2 Chase Premier Plus Checking accounts. The account charges you a $25 monthly fee that you can waive and access numerous branches and ATMs across the country for various transactions. The bank waives fees for counter money orders, checks, and cashier’s checks.
These are not the only checking accounts you can get from Chase, as there are many others. It is possible to make a Chase transfer of money to another bank using any Chase account.
How do I endorse a check to Chase mobile deposit?
A mobile check deposit is one way to add money to your Chase checking account. However, you must understand how to go about it to carry out the process successfully. To endorse a check is to sign the back of the document before depositing it in your account.
Once you have endorsed your check, you can deposit it as follows.
- Sign in to your account and tap the navigation menu to choose “Deposit checks.”
- Take pictures and enter the check amount, then tap “Front” with the Chase “Auto Capture” to capture the picture of the front and back of the endorsed check. You can take the pictures manually as well.
- Lastly, confirm the check details and submit.
If you deposit your check before 11 PM Eastern time on a business day, the funds will be available in your account by the next business day. However, Chase will process the transaction the next business day if you deposit your check after 11 PM or within a non-business day.
If there are delays, it can be because the bank requires other details from you and may contact you to make things straight. Most importantly, you should use a secure internet connection in the process.
Bottom line
A check is a written and signed document that allows financial institutions to withdraw money from the writer’s account and deposit it to the payee’s account or give them cash. You can get a check from a bank or credit union.
When you open a checking account, you can request a checkbook to write checks when needed. Chase bank is one of the banks you can open a checking account with and get a checkbook.
