You can deposit a check on GO2bank. It is one of the best banks for online check deposits. This is because you can cash your check from the comforts of your home. If you were an avid reader of mine, you would recognize I champion online banking above waiting on a bank’s queue.
Want to know the best thing about this online check deposit?
It takes a few minutes. All you need is a GO2bank account, the check and your mobile phone. If you are ready, let us dive into how you could do a GO2bank mobile check deposit.
How To Deposit A Check On GO2bank Online
Firstly, I want you to download the app from apple or google store. Then, login into your GO2bank account before performing the following below:
- Tap on Move Money, then tap on Cash a check.
- You will be asked to take pictures of your check. Be sure to endorse the check by signing the back of it before taking pictures of front and back of the check.
- After taking the pictures, enter the amount on the check and tap Next.
- The next page will ask you to select when and where you want check fund released to you.
- Review to see all is correct and then tap Submit.
I advise you take your pictures on a black or dark background with nothing showing except the check. This is to prevent issues after you have deposited your check on GO2bank. One of these issues may include a blurred image capture of your check.
Now , let us talk about Go2bank check deposit limit.
GO2bank Check Deposit Limit
GO2bank mobile check deposit limit ranges from $5 to $5000. You can cash up to $5000 per check. This is regulated by Ingo Money, which is a service GO2bank uses to process its mobile deposits.
Here is what else I want you to know.
You cannot deposit more than $5000 in a week, however you are allowed deposits of up to $15,000 in a month. In case your check is exactly $15,000, I recommend breaking it down to $5000 per week until it is all deposited by the 3rd week. If not, there are other online check cashing options with instant deposit where you can do more than GO2bank check deposit limit.
Having said that, here is how fast GO2bank can cash a check below.
How Long Does GO2bank Take To Deposit A Check?
GO2Bank mobile deposit funds availability depends on when your check is approved by Ingo Money. You can either get your money in minutes or in days. Since Ingo Money service processes GO2bank mobile check deposits, fund availability depends on the terms and conditions of the service.
However, it takes about 3 to 5 minutes when no issues are encountered. So, what kind of issues am I talking about here?
Well, a blurred image of the check could be an issue. Also, a check deposit which is not endorsed before uploading will not be accepted. This is why I recommend you endorse your check before depositing it on GO2bank.
Finally, Go2Bank mobile deposit funds availability depends on the option you choose during the deposit. If you choose the instant fund release, your money will be ready within minutes to an hour for a fee. Or else, it takes up to 10 days for GO2bank to release your check fund to you for free.
GO2bank Check Cash Fee
Remember when I mentioned that fund availability depends on the option you selected during check deposit, my dear reader?
Well, Go2bank charges a 1% fee for payroll and government checks. For other accepted checks, it will charge you a 5% fee. To simplify, there is a $5 minimum fee for any check you try to deposit on GO2bank.
You can avoid these fees, by waiting ten days for your check fund to be available. I know- 10 days is a long time to wait. I do not have the patience too. But if you do, you can wait it out for a free check cashing on GO2bank.
Personally, I would use these 5 easy instant check deposit apps to bypass the wait time. Some of these release funds within one to three business days. I think it is better than waiting for ten days for a free check deposit which GO2bank offers.
What Checks Does GO2bank Accept?
Not all checks are accepted by GO2bank for mobile deposit. What type of check is eligible for mobile deposit on GO2bank?
The following checks are eligible:
- Your Pay checks with pre-printed signature
- Government checks with a pre-printed signature
- Checks from Lawsuits/Law firms
- Checks from Insurance companies
- Two-party personal checks
- Handwritten payroll checks
- Cashier’s checks
- Money orders
- Refund Checks
The above checks are eligible for check deposit. For personal checks, be sure to make the check will not bounce before trying to cash it. This is because there are consequences of depositing a bad check. The last thing you want is GO2bank flagging you for depositing a bounce check or a fake one.
So, I would make sure all my checks are legitimate before I try to deposit them.
Speaking of consequences, do not try to deposit traveler’s checks or starter’s check. Also, do not try to deposit checks which come with conditions and counter checks. GO2bank does not accept third party checks too. Be aware of the kind of checks you are trying to deposit, because not all checks are eligible for mobile deposit.
Why Won’t GO2BANK Cash Your Check?
If you are struggling to deposit a check on GO2bank, it may be because you are in a state which does not allow it. For example, you cannot mobile deposit a check on GO2bank in New York. It is prohibited.
Additionally, trying to deposit an ineligible check on GO2bank will not work. It will not pass the check approval process by Ingo Money. Only the above eligible checks I mentioned previously are allowed.
Finally, GO2bank will not let you deposit unendorsed check. These are checks which are not signed to you. Go2bank mobile check deposit endorsement is important, since it is a check cashing policy. You have to endorse your check before you deposit it on the platform. Or else, it will not deposit.
To conclude this article, I recommend you deposit only eligible check on GO2bank. This is to avoid delays in check fund availability. I think this is all you need to know about GO2bank mobile check deposit. It is an easy process as long as you follow its check deposit guidelines.
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