Bank Of America mobile app allows you to deposit paper checks by taking two pictures. The feature works very well if you compare it with Ingo money and similar services. Here is how mobile deposit works in other banks.

How much can you deposit using a mobile app?

There is a limit on how much you can deposit. The amount of the check you can deposit depends on the account where you make the deposit. Most popular is $15,000 per month. For checks that exceed $15,000 you have to mail the check to Bank Of America or visit your nearest branch.

How long does it take for a check to be deposited?

Usually mobile deposits of paper checks to Bank Of America take a day or two depending on the nature of the check. Pre-printed and government checks take less time, because there is no need to verify. Personal checks, however, take just a day more. Money should become available pretty soon. It works pretty much the same way in other banks. Check how long does a mobile deposit take in Wells Fargo.

Mobile check deposit or remote deposit is a relatively new feature. In 2004, when remote deposits became legal, big banks like Bank Of America started implementing it. The feature is intended to eliminate the need for customers to visit bank branches. The main purpose of deposits using mobile apps is to deposit smaller checks like $20, that may seem strange to deposit in person.

Deposit of large checks is not the most common use case for Bank Of America and other banks. $15,000 checks are rare occasion that is worth going to an ATM or even to visit a bank branch.

Are checks from Bank Of America easier to deposit?

From Bank Of America point of view all checks are the same. Checks that are issued by Wells Fargo, Chase, US Bank, Bank Of America and other banks look the same. Unlike transactions between customers of small online only banks, big banks have no special “pipe” for their own customers.