Banks in the Philippines with Mobile Check Deposit

Depositing checks can be a pain sometimes. You need to go to your nearest bank and lineup. It’s even more difficult right now that we’re in quarantine due to COVID-19. There’s a solution to it, though, and that is through mobile check deposit. Here are banks that support the said feature.

What is a mobile check deposit?

It’s a feature provided by some banks that allows you to deposit a check to your account by taking a photo of it from a mobile app.

ING Philippines

ING Philippines is well-known in the country for its all-digital approach in banking. You can easily open an account through their mobile app for Android and iOS, and start using its features upon verification. You can deposit a check by taking a photo of the check and entering the necessary information in the app.

Check deposits are usually cleared within 1-2 business days and will be deposited in your ING account. You can easily transfer the fund to other bank accounts as it supports PESONet and InstaPay.

ING Philippines accepts all locally-issued checks, including personal checks, manager’s checks, demand drafts, and corporate checks.

You can download the app here:

ING Philippines (Android)
ING Philippines (iOS)

PSBank

PSBank’s Mobile Check Deposit service allows PSBank Mobile Banking clients to deposit eligible local peso checks by simply taking a photo through its mobile app. The service is free-of-charge but is only available for existing clients who maintain a total deposit relationship balance of at least PHP 50,000.

Customers will have to access their account via the app, then select “Deposit Check.” Customers need to indicate the valid target account where the check will be deposited, after which they will be prompted to take and submit a photo of the front and back of the check. After successful clearing by the drawee bank (within the day, if received before 3 PM, or the next day, if after), the funds will be made available for use.

You can download the app here:

PSBank Mobile (Android)
PSBank Mobile (iOS)

UnionBank

Unionbank also offers the same feature but is currently limited to UnionBank checks only, but it’s fast as checks will be cleared within 2 hours. The process is simple — open the UnionBank mobile app, take a photo of the check, enter the check details, then confirm. You will receive a notification that the check has cleared.

You can download the UnionBank mobile app here:

UnionBank Mobile (Android)
UnionBank Mobile (iOS)

And that sums it up. If we missed any banks that also support the same feature, let us know in the comments below.

The post Banks in the Philippines with Mobile Check Deposit appeared first on YugaTech | Philippines Tech News & Reviews.

Source: Yugatech