cashing check with a smartphone


It is hard to believe how far banking has come over the last two decades. It wasn’t that long ago when stopping at the bank or ATM was a must before going to do any type of shopping. If you didn’t want to carry cash, you had to have your checkbook handy. Those days are long past since banking has transformed. Now, everything is about convenience. Most banking features have moved online. There is online banking, bill pay, and even online check cashing. However, even with most features being online, there is still some skepticism. Online check cashing being one of the biggest ones. Yet, it has its benefits just like the other online banking features. Once you get a better understanding of how it works and some credible online check cashing sites, you’ll jump on board.

Work with what you got

Most banks have the feature that allows you to cash your check by simply taking a picture of it. Really, it’s that simple. The process may vary depending on the bank app. Yet, in most cases you will just open the app, select “deposit a check,” and it will guide you from there. The check still needs to be signed. You will also want to be in a well-lit area so that the picture comes out clear. Going through your banking institutions app just cuts out the middle man and the extra steps. Also, most banks won’t charge you a fee!

Outside sources

In the event that using your bank’s mobile app to deposit a check does not work for you, there are other options. There are several third-party apps that you can download for online check cashing. They all have different sets of fees and stipulations that you have to decide is worth it to use.

Bank of Internet USA has an app that is available for both Android and iPhone devices. Using the service is also completely free. However, you will have to open an account with them to use the service.

PayPal mobile app even allows for online check cashing. PayPal is a popular name when it comes to providing money services and transactions. Because of that, some individuals may feel more comfortable using their check cashing service than other less known apps. The service is free to use if you already have an account with them. The only downside is that it can take 2-3 business days for the check to process and deposit into your PayPal account.

Guaranty Bank offers the online check cashing feature just like most banks. What makes them different is that they allow you to utilize the service even if you do not have an account with them.  However, both account holders and non-account holders have to pay a fee. The fee for account holders is a little less though.

The Check Cashing store app serves the basic needs of an online check cashing app. It allows you to cash a check and deposit the money straight into your bank account or load it onto a prepaid card. You just take a picture of the check and upload it. Once the check clears, it notifies you and you have your funds. There are fees associated with using this service, but it isn’t disclosed on the website.

Ingo Money app offers a lot more than other third-party online check cashing option. It is backed by a bank, First Century Bank, N.A., so it feels a bit more reliable. You can link it with either your bank account, a PayPal account, or even a prepaid card to have your money deposited onto once the check clears. You can even split the check to deposit into different accounts or even to purchase an Amazon gift card! There are fees for using the service. 2% if you’re cashing payroll and government-issued checks. For all other checks, the fee is a minimum of $5 or 5% of the check amount. Unfortunately, though, it is only available on Android devices.

Should you use it?

There is understandably some apprehension when thinking about cashing a check through your phone. Yet, the process pretty secure. When you take the photo of the check, It has to be approved and cleared. Very similar to when checks were written in stores and they were pushed through that little machine or when you conduct any other online transaction. When cashing a check online you are advised to hold on to the paper copy for two weeks just in case something goes awry. If you’re very skeptical, try it with a check with a small amount first. Before you know it, you’ll be loving the convenience and you’ll start using it for all paper checks that come your way!