How can you cash your check on your cash app account? Impossible right? Well, just follow this article on how to cash a check on cash app before you draw your conclusion.
One of the new inventions that has made banking much easier is the fact that you can now cash a check online to deposit money in your bank account.
With this technology, you don’t need to keep waiting long hours in line or even go out to deposit money. All you need is a paper check and a platform that allows you to process it without going to a bank.
And today, there are numerous platforms that allow you to do that such as Chime, PayPal, Cash App etc.
However, in this article, I will be focusing on Cash App since you came here to figure out the answer to, “How to cash a check on Cash App?” and what you need to take cognizance of while doing this to avoid a decline after submitting your check deposit.
What are the Check Requirements for Cash App Deposits?
When creating a check that will be scanned by the cash app, one of the major things you have to keep in mind is to write legibly.
Doing this will make the process faster and will bring down the probability of a possible decline after submitting your check on the cash app.
However, that isn’t the only requirement revolving around cashing out via checks with the Cash app.
There are others which I will be listing below before delving into how you can make use of the cash app to make a deposit.
- The check should be made out to you,
- The check can also be made out to the person whose name appears on your Cash App account, or jointly with an approved individual.
- The check should be made out in USD. You can’t use it outside of US banking institutions, and coupled with that, the funds in the check must be in US dollars.
- Whoever is sending the check has to sign it correctly.
- The check should match or shouldn’t exceed your deposit limit. (For every Cash App account, each check has a maximum of $3,500 with a total restriction of $7,500 each month, and the app will notify you how much you have left before you exceed your monthly limit.)
- The check has to be valid. Checks beyond 90 days are invalid.
- The check must not have been deposited.
- There should be no adjustment on the check.
- The check should be signed by you, and you have to write “Cash App Deposit” beneath your signature.
Now that you are well informed on what is required when creating your paper check, we will be focusing on how you can go about depositing your check using the Cash App.
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How to Cash a Check on the Cash App
To cash a check using your Cash App account, you simply need to create the check, scan it, and confirm the details on your Cash App before submitting the check.
If you have checked the boxes for the important requirements while processing your check, it should be available in 1-4 days.
Having said that, here is how to cash a check on Cash app.
- Launch the Cash App. Ensure that your account is verified.
- Go to the lower-left corner of your screen and tap on the Balance icon.
- Next, choose the “Deposit a check” option.
- If you don’t see this option, it means the Mobile check capture hasn’t been enabled in your account.
- If it has, proceed to enter the check’s amount.
- Afterwards, use your phone’s camera to capture the front and back of the check.
- Ensure that the text written on the check is legible.
- Confirm the information on both sides of the checks on the app.
- Click the “Submit” button.
Once the check is submitted, don’t be in a hurry to dispose of it until the deposit has been added to your account.
In some cases, the check may be processed, and the money will be deposited into the receiving account immediately, while in others, it may take several days.
Having said all this, let’s figure out what happens when you deposit your check below.
Does the Cash App Deposit Checks Instantly?
No. It takes some time to deposit your checks into your cash app account Immediately after your check is submitted, it will take about 1–4 business days before your cash is deposited into your account.
The reason for this time frame is to check for any errors in your submission.
This is done to ensure a secure transaction. So, you don’t have to be worried if your deposit isn’t showing up right away.
What you need to do is take note of these tips while waiting.
- Before closing the app, ensure that your submission was successful.
- Cash App may call you after submission if there are any difficulties or if something needs to be corrected, so double-check your contact information for any errors.
- If the transaction is important, save the original paper check for at least two weeks before disposing of it.
- If Cash App does not notify you otherwise, you may discard the check after two weeks.
- Keep an eye on your emails and messages to respond to any difficulties that arise with your application or if your deposit is delayed.
Cash App Scanned Check Deposit
Cash app makes use of technology such as the OCR image to capture your paper checks while you are taking a photo of them.
To avoid problems with your check, make sure it is legibly written and that it is taken in a well-lit area.
If the image comes out clear, it will reduce the probability of extra rectification from the cash app.
Cash App Check Deposit Limit
When sending or receiving money via your Cash App account, there is always a limit in place to regulate the amount of money moving in and out of the platform.
If you use a check to make a cash deposit, the highest amount you can deposit at a time is $3500, while the monthly limit is $7500.
For the receiving limits, you can receive $25,000 per deposit. However, in 24 hours, the limit is $50,000.
How Can I Cash a Check on Cash App Online instantly?
With the Cash app, you need to install it and get it verified if you want to cash a check online.
The process is simple and similar to that of other financial apps. However, another widely used payment platform which can be used to check your cash immediately is PayPal.
Let’s break down how to cash your check using PayPal.
- Sign in to your PayPal account.
- Choose Wallet.
- You will be asked for your location and permission to use the camera.
- If you do not have a PayPal balance account, you would be asked to create one.
- Now enter the check amount.
- Capture the front and back of your endorsed check and hit Next.
- Finally, select how soon you want your funds deposited and click Confirm.
NB: The processing time takes no longer than an hour. Once it has been processed, you will be asked to write “VOID” on the front of your check and provide another photo proving that it has been voided.
Conclusion
Presently, mobile check capture is not available to all users on Cash App; however, if it is available to you, you should be well informed on how to cash a check on Cash App and what to expect after sending a check.
If per adventure, you face any challenges or delays while doing this, you can contact Cash App Support by going to Profile > Support > Start a Chat.