How to Put a Check in a Bank Account

Depositing a check into a bank account converts a paper instrument into usable funds. Understanding the various methods and steps involved ensures a smooth and secure transaction. Proper preparation and awareness of post-deposit considerations are important for managing your finances effectively.

Preparing Your Check for Deposit

Before depositing a check, prepare it correctly. Endorsing the check means signing your name on the back in the designated area. For security, write “For Deposit Only” above your signature; this restricts the check from being cashed if lost or stolen. Some banks may require an account number with “For Deposit Only” for a restrictive endorsement, or “For Mobile Deposit Only” for mobile deposits.

Verify all details on the front of the check. Confirm the date is current, your name as the payee is correct, and the amount in numbers matches the amount in words. The check must also bear the drawer’s signature. If you notice discrepancies, contact the check issuer for corrections before depositing. Having your bank account and routing numbers available can expedite the process.

Common Deposit Methods

Several common methods are available for depositing funds into your account. Depositing in person at a bank branch involves presenting the endorsed check to a teller, often with a deposit slip. The teller will process the transaction, and you will receive a receipt.

Automated Teller Machines (ATMs) offer another option for depositing checks. Insert your debit card, enter your PIN, select “deposit,” and feed the endorsed check into the machine. The ATM will prompt you to confirm the deposit amount and issue a receipt.

Mobile check deposit, available via most bank smartphone applications, allows deposits from almost any location. This method requires logging into your bank’s app, selecting the deposit feature, and using your phone’s camera to capture images of the endorsed check’s front and back. You will need to enter the check amount manually and confirm details before submitting.

Depositing a check by mail is an option. This involves endorsing the check and mailing it to your bank’s specified processing address. Use a secure envelope and consider tracking for valuable checks.

Important Considerations After Deposit

After depositing a check, understand when funds become available, as banks have holding periods. Federal Regulation CC generally requires banks to make the first $225 of a deposit available by the next business day. The remaining funds from a check deposit are typically available within one to two business days for local checks, though this can vary based on the type of check, the amount, and your account history. For larger deposits, such as those exceeding $5,525 or $6,725, banks may extend the hold period for an additional two to five business days.

Maintaining records of your deposit is a prudent financial practice. Keeping deposit receipts, ATM slips, or digital confirmations from mobile deposits provides proof of the transaction and can be valuable for reconciling your accounts or resolving any discrepancies. These records serve as evidence that the transaction occurred as intended.

For checks deposited via mobile banking, it is generally recommended to retain the physical check for a period after the deposit has been confirmed and the funds are fully available in your account. Many banks suggest keeping the check for 7 to 90 days in a secure place. Once funds are posted, securely destroy the physical check, typically by shredding, to protect your financial information.