Some banks make the funds available immediately, while others may only release a portion of the deposit, such as $200, right away. The remaining balance might become accessible the next business day. So, in this post, we providing you with the best online banks with immediate funds availability. Note that the decision is not ours, but that of real users.
Also, remember that even though the funds may appear in your account, it can still take additional time for the check to clear, for example. If something goes wrong and the check does not clear, the deposit could be canceled, and you might face a fee for a bounced check. Therefore, you need to understand the bank’s specific policies regarding funds availability to avoid any unexpected surprises.[box title=”Key Takeaways” style=”soft” box_color=”#333333″ title_color=”#FFFFFF” radius=”3″]
- Some banks offer immediate funds availability, while others may only release a portion of the deposit right away. Technologies like the Real-Time Payments (RTP) system enable instant processing.
- Banks such as Wells Fargo, Chase, US Bank, and others offer instant deposits. Features like Chase QuickDeposit℠ allow customers to deposit checks quickly and securely through mobile devices.
- Some services like TD FastFunds charge a fee for immediate access to deposited funds. Understanding the bank’s specific policies regarding funds availability is essential to avoid unexpected surprises.
- Besides major banks, alternative solutions like Venmo or local and regional banks may provide instant deposits, offering more personalized services and flexibility.
Can a Bank Make Funds Available Immediately?
Yes, some banks can make funds available immediately. This immediate availability often comes with specific services or features provided by the bank.
The Real-Time Payments (RTP) system is a key feature that enables immediate funds availability. Banks that have RTP active can process transactions instantly. This is particularly useful for those who need instant deposits, such as Grub Hub drivers. The RTP system is not limited to major banks; even local banks may have this feature. You can find a list of banks with RTP here and here. This technology is revolutionizing the way payments are made, making it faster and more convenient for users.
Online Banks with Immediate Funds Availability
We went on a thorough search for online banks that guarantee instant funds. For the best result, we focused on what real people have to say. And then concluded based on their experiences with different banks that offer instant deposits.
For example, Wells Fargo usually provides instant deposits, with cash showing up in accounts within a few minutes. Chase, US Bank, Bank of the West, TD Bank, and PNC are other examples of banks that have been praised for their instant deposit feature. So, let’s say you are a gig worker who needs fast funds, below are the best online banks with immediate funds availability.
1. Chase QuickDeposit℠
Website: Chase QuickDeposit℠
Chase QuickDeposit℠ is a feature offered through the Chase Mobile® app that allows customers to deposit checks quickly and securely from their mobile devices. Here’s how it works:
Fast, Convenient, and Secure
- Fast: Deposit checks and access your funds quickly.
- Convenient: Save a trip to the branch and deposit checks on your schedule, anytime and anywhere.
- Secure: Deposit checks securely from your mobile phone or tablet. Chase doesn’t store passwords or check deposit data and images on your mobile device.
How to Get Started on Wells Fargo
- Sign In: Choose “Deposit checks” in the navigation menu of your Chase Mobile® app and select the account.
- Take Pictures: Enter the check amount and tap “Front.” With the “Auto Capture” feature, the picture of the front and back of the endorsed check will be captured.
- Submit the Deposit: Confirm the details, submit, and you’re done.
Availability and Limits
- Availability: Funds are typically available by the next business day.
- Deposit Limits: Subject to deposit limits and other restrictions. More details can be found in the terms and conditions.
2. US Bank
Website: U.S. Bank Mobile Check Deposit
U.S. Bank is one of the online banks with immediate funds availability that offers a convenient Mobile Check Deposit feature that allows customers to deposit checks securely using their phone or tablet. Here’s an explanatory guide to how it works:
Easy and Fast
- Deposit Anytime: With the U.S. Bank Mobile App, you can deposit checks as soon as you receive them, saving a trip to the branch or ATM.
- 24/7 Availability: Deposit checks anytime, anywhere in the U.S., 24/7 in seconds using the camera on your device.
- Security: U.S. Bank’s Digital Security Coverage protects you from unauthorized use of your accounts.
Steps to Deposit
- Sign Your Check: Prepare the check for deposit.
- Open the App: Select “Deposit a check” from the quick-action menu at the bottom of the Welcome screen.
- Choose an Account: Select the account and enter the check amount.
- Take Pictures: Capture images of the check with your device.
- Verify and Submit: Confirm the information and submit the deposit.
- Email Notifications: Receive immediate email notifications confirming receipt and acceptance of the deposit.
- Eligibility: Requirements and restrictions apply. More details can be found in the Digital Services Agreement.
- Funds Availability: Deposits may not be available for immediate withdrawal. See the Digital Services Agreement for details regarding the mobile check deposit funds availability policy.
- Deposit Limits: Thresholds vary based on account type, deposit history, and relationship with the bank.
|Deposit Time||Anytime, 24/7|
|Availability||Subject to the Digital Services Agreement|
|Security||Protected by U.S. Bank’s Digital Security Coverage|
|Process||Simple as point, click, done|
|Fee||No mention of a fee for using mobile check deposit|
3. Bank of the West Mobile Banking
Website: Bank of the West Mobile Banking
Bank of the West offers Mobile Banking, allowing customers to manage their money from virtually anywhere. Here’s an explanatory guide to the features:
Send & Receive Money
- Send Money – Zelle®: Send money to almost anyone you know and trust, no matter where they bank in the U.S.
- Bill Pay: Pay bills from your mobile device quickly and securely.
- External Transfers: Move money from Bank of the West accounts to accounts at other banks.
Easily Manage Accounts
- Online Statements: Access up to seven years of account statements online.
- Quick Balance: View your account balances and last five transactions.
- Mobile PIN: Create a six-digit PIN for fast and secure sign-in.
Simplify Your Life
- Face and Fingerprint Sign-In: Safe and convenient sign-in using Touch ID® or Face ID® on an iPhone or your fingerprint on an Android phone.
- Mobile Deposit: Deposit checks by taking a picture of both sides of your endorsed check.
|Send & Receive Money||Zelle®, Bill Pay, External Transfers|
|Manage Accounts||Online Statements, Quick Balance, Mobile PIN|
|Simplify Life||Face/Fingerprint Sign-In, Mobile Deposit|
|Security||Ethical considerations, Secure sign-in|
|Fee||No mention of a fee for using Mobile Banking|
4. TD Bank – TD FastFunds
Website: TD FastFunds
TD Bank offers a service called TD FastFunds. It helps you when you need money quickly from a check deposit. Usually, it takes a day or more for deposited money to be ready to use. But with TD FastFunds, you can get instant access to the money from eligible check deposits.
How to Get TD FastFunds:
- Bring Checks to TD Bank: Take your checks to any TD Bank.
- Check Eligibility: TD Bank will see which checks can be used for FastFunds.
- Choose Checks to Process: You pick which eligible checks you want to process.
Cost and Benefits:
- Fee: There’s a 3% service fee ($5 minimum) to use FastFunds.
- Immediate Money: Your money will be ready to use right away.
- No Return Fee: If a check doesn’t clear, you keep the money without extra fees.
- Check Eligibility: Each check is considered individually.
- All Checks Considered: Not all checks may be eligible, but you can still deposit them for free using standard service.
- Avoid Overdraft: FastFunds deposits are added to your account before other transactions, which might stop an overdraft charge.
5. PNC Mobile Check Deposit
Website: PNC Mobile Check Deposit
Speaking of online banks with immediate funds availability, you can’t fail to mention PNC. PNC Mobile Check Deposit lets you securely deposit checks using your tablet or mobile phone. On average, PNC customers deposit over 2.5 million checks per month using their mobile devices. Here’s how it works:
Standard Funds Availability
- Deposit Time: Before 10 p.m. ET on a business day.
- Availability: Next day at no charge.
PNC Express Funds
- Immediate Access: For a fee, the full amount is available immediately for withdrawals and purchases.
- Fee: 2% of each check amount over $100. For any check amount from $25 to $100, a $2 fee applies.
- Usage: When you need immediate access to your deposited funds, have bills or payments due, or want peace of mind that your money is available right away.
|Feature||Standard Availability||PNC Express Funds|
|Deposit Time||Before 10 p.m. ET||Anytime|
|Availability||Next business day||Immediately|
|Fee||No charge||2% or $2|
6. Wells Fargo Mobile Deposit
Website: Wells Fargo Deposits FAQs
You also have to recognize Wells Fargo and its Mobile Deposit feature, which enables you to deposit checks directly into your eligible checking or savings account using the Wells Fargo Mobile app. Here’s an explanatory guide:
- Same Business Day: If you make your deposit on a business day before the cutoff time (9 p.m. local time for ATMs, 9 p.m. Pacific Time for the mobile app), the deposit will generally be credited the same day.
- Next Business Day: If you make your deposit after the cutoff time or on a non-business day, it will be credited on the next business day.
- General Policy: Deposited funds are usually available on the first business day after receipt. In some cases, a hold may be placed for up to 7 business days.
- First $225 Availability: The first $225 is usually available the next business day.
Mobile Deposit Feature
- Convenience: With Wells Fargo mobile deposit, you can make a check deposit directly into your eligible account using supported Apple® and Android™ devices.
- Process: Mobile deposit lets you submit photos of the front and back of your endorsed check, saving time with fewer trips to an ATM or branch.
- Cutoff Times: Displayed in all locations, including ATMs and the mobile app.
- Hold Reasons: Common reasons for placing a hold include accounts with frequent overdrafts, new customers, high-dollar deposits, etc.
- Customer Service: For questions about a hold or deposit, contact 1-800-TO-WELLS (1-800-869-3557), available 24/7.
7. Bank of Advance – Mobile Deposit Service
Website: Bank of Advance Mobile Deposit
Bank of Advance offers a convenient 24/7 Mobile Deposit service that allows customers to deposit checks easily and securely using their mobile devices. This service is designed to save time and hassle, eliminating the need to visit the bank physically.
How to Apply:
You can apply online, within the app, or in person at a local branch. They will need an iPhone, iPad, or Android device with the latest update of the Bank of Advance Mobile app, an eligible checking or savings account, and an active online banking ID and password.
How to Make a Deposit:
- Log into the App: Open the Bank of Advance Mobile app.
- Select Mobile Deposit: Choose “Deposit Check” from the menu.
- Endorse the Check: Sign the back and write “Mobile Deposit Only.”
- Capture the Check: Use the phone’s camera to take images of the front and back.
- Submit: Tap “Submit” and verify the deposit the next business day.
What You Need to Know:
|Items for Deposit||U.S. checks payable to you endorsed with “Mobile Deposit Only.”|
|Items Not for Deposit||Foreign checks, money orders, checks payable to others, stale or postdated checks, etc.|
|Funds Availability||By 4:00 PM CST for same-day availability. After 4:00 PM, deposits are considered for the next day.|
|Fees||No fee for using Mobile Deposit. Mobile carrier’s rates may apply.|
|Check Retention and Tips||Keep the deposited check for 10 days, then destroy it. Follow tips for clear photos and endorsement.|
8. Regions Mobile Deposit
Regions Mobile Deposit offers a convenient way to deposit checks into your Regions checking, savings, and money market accounts, or load your Regions Now Card using the Regions Mobile App. Here’s an explanatory overview of how it works and the features it offers:
- Choice of Access to Funds: You can choose how soon you want access to your funds. It can be available immediately for a fee ranging from 1% to 4% of the check (minimum of $5), or available for processing tonight at no charge.
- Easy Steps to Deposit: The process is simple and user-friendly. You’ll need to enable access to your location and camera in the app, select the account, enter the check amount, choose the availability option, sign the back of the check, take pictures of the check, and review the deposit for accuracy.
- Secure Storage: After submitting the check image and confirming receipt of the funds, you must securely store the check for 30 days. After that, you should destroy the check or mark it “VOID.”
- Regular Customers: Most customers have a $6,000 daily and $10,000 monthly limit.
- Preferred Banking Programs: Members have a $10,000 daily and $25,000 monthly limit.
- Private Wealth Management Clients: Should contact their Wealth Advisor for limits.
9. Key Bank – Small Business Mobile Check Deposit
Website: Key Bank Mobile Check Deposit
Key Bank’s Small Business Mobile Check Deposit service offers a quick, easy, and secure way to deposit checks without visiting a branch or ATM. It provides two options for depositing funds: Immediate Funds and Standard Deposit.
Access to Deposited Funds:
- Immediate Funds: For a 2% fee (minimum $2), you can access your money right away, skipping the usual processing time.
- Standard Deposit: Your money will be deposited according to standard processing times at no charge.
How to Use Mobile Check Deposit:
- Sign On to the App: Open or download the KeyBank Business Online app (U.S. or Canada only).
- Go to the Account: Select the account to receive the deposit.
- Sign and Photograph the Check: Sign the check and take photos of both sides.
- Submit the Deposit: Choose between Immediate Funds or Standard Deposit and submit.
- Securely store the Check: Keep the check stored securely.
Things to Know About Mobile Deposit
|Immediate Funds||Accessible before 11:00 p.m. ET. After 11:00 p.m., funds are available for ATM and point-of-sale only.|
|Standard Deposit||Deposited as usual, possibly available the next business day before 11:00 p.m. ET.|
|Funds Availability||Review the Funds Availability Policy for more details.|
|Fees||2% of the deposit amount for Immediate Funds, with a minimum fee of $2. No charge for Standard Deposit.|
10. Today’s Bank Mobile Deposit
Today’s Bank Mobile Deposit allows you to deposit checks with your smartphone or mobile device from virtually anywhere, at any time. It’s designed to be quick, easy, and convenient. Here’s an explanatory overview of how it works:
Proper restrictive endorsement is required for mobile deposits. This includes:
- Printing “For Mobile Deposit Only.” (Abbreviations, cursive, or all caps are not allowed.)
- Including Today’s Bank Account Number.
- Adding an endorsement with a signature or business name for business accounts.
- Mobile Deposits confirmed as received Monday to Friday before 5 pm Central Time on a business day that Today’s Bank is open will be processed to your account the same day.
- All checks will be subject to Today’s Bank’s Funds Availability Policy and/or delayed funds availability as permitted by regulatory guidelines.
|Endorsement Requirements||Specific instructions for endorsement, including proper printing and account number.|
|Cutoff Time||Deposits before 5 pm Central Time on business days are processed the same day.|
|Funds Availability Policy||Subject to Today’s Bank’s policy and regulatory guidelines.|
|Message and Data Rates||May apply, depending on your mobile carrier.|
|Deposit Limits||Daily and multi-day deposit dollar and count limits may vary and are subject to change at Today’s Bank’s discretion.|
11. Citizens Mobile Deposit
Citizens Mobile Deposit allows you to deposit checks anytime, quickly, and securely, from virtually anywhere using the Citizens Mobile Banking app. With Instant Funds from Citizens™, you may even have access to your money immediately. Here’s an explanatory overview of its features:
Securely Deposit a Check in 5 Simple Steps:
- Open the App: Open the latest version of the Citizens Mobile Banking app and tap Deposit.
- Enter the Amount: Enter the amount of your deposit (make sure it matches what’s on your check) and select the account you want to deposit it into.
- Sign the Check: Sign the back of your check and write “For Mobile Deposit to Citizens Only” below your signature.
- Take Photos: Tap the camera icons to take photos of the front and back of your check. Ensure they are on a dark background, in a well-lit area without anything else in the background or image.
- Confirm Deposit: Double-check your deposit info, then tap Deposit. You’re all set!
Instant Funds from Citizens™:
- When you deposit a Citizens check, you may have access to your money immediately.
- Instant Funds provides immediate availability for withdrawals and new purchases.
- If the check is deposited before 12:00 AM Eastern Time on a Business Day, Instant Funds can also be used to pay checks and other items that post to your account on that business day.
12. Huntington Bank – Check Deposit Availability
You can try Huntington Bank, one of the online banks with immediate funds availability that recognizes that your time is valuable, and waiting for funds to be available can be inconvenient. They offer instant access to up to $500 from checks deposited, along with extended deposit hours through their All Day Deposit service.
Ways to Deposit:
- Instant Access: At no extra cost, you can have instant access to up to $500 from the checks you’ve deposited at a branch, ATM, or on the Huntington Mobile app. You’ll be notified of the amount immediately available to you. This benefit is for established Huntington consumer or business deposit customers.
- All Day Deposit: The deposit day ends at midnight Central Time (CT), allowing you to deposit at ATMs and on the app until midnight without worrying about an early cut-off time. This service is included at no additional cost.
Mobile and ATM Deposit Options:
- Mobile App: Open the Huntington Mobile app for a secure way to deposit your money at any time.
- ATM Deposits: After endorsing your checks, deposit them directly into a Huntington ATM at all branch locations.
Check Deposit Availability FAQ:
|Is it really free?||Yes, both Instant Access and All Day Deposit are free.|
|What if my check deposit is more or less than $500?||The first $500 is available instantly; the remaining amount will generally be available on the next business day.|
|Who is eligible for instant access to check deposits?||Established Huntington consumer or business deposit customers.|
|How will I know how much is available instantly?||You’ll be notified after the deposit is made of the amount immediately available.|
13. Fifth Third Express Banking
Fifth Third Express Banking also offers a simple way to manage your funds with immediate access to your money. It’s designed to provide convenience and security for your banking relationship. Here’s an explanatory overview of its features:
- No Monthly Fees: There’s no monthly service fee, balance requirement, or overdraft fees.
- Immediate Access to Funds: You can access your funds immediately, making banking more convenient.
- 24/7 Banking Support: Support is available around the clock to assist with your banking needs.
- Check Cashing and Direct Deposit: Although check writing and ATM check deposits are not available, you can cash checks and have direct deposits.
- Debit Card Access: With an Express Banking Debit Card, you can make purchases in stores and online or withdraw cash at over 40,000 partner ATMs nationwide.
- Mobile and Branch Deposits: Deposits are available immediately through mobile and branch services (additional fees may apply).
- Award-Winning Mobile App: The app allows you to send and receive money fast with Zelle® and provides account alerts for mobile and online banking.
- Tools to Build Credit: Options like the Fifth Third Secured Card are available to help build or rebuild your credit.
Fifth Third Express Banking® has been certified by Bank On for meeting the National Account Standards as a low-cost, low-fee account. It’s a solid option for those looking to build a strong financial foundation with immediate access to funds.
Alternative Solutions and Local Banks
Some users have found success with alternative solutions like Venmo or using Zelle to transfer funds instantly to their credit unions. Local and regional banks are also mentioned as good options for instant deposits. These alternatives may provide more personalized services and flexibility, catering to individual needs. Exploring local banks or using platforms like Venmo can be a viable option for those who prefer not to go through major banks but still require instant access to their funds.
Which Type of Deposit is Available Immediately?
Different types of deposits may have different availability timelines.
|Type of Deposit||Typical Availability|
|Cash Deposit||Immediate||Cash deposits at a branch or ATM are usually available immediately.|
|Wire Transfer||Immediate or Same Day||Depending on the bank’s policy, wire transfers may be available immediately or on the same day.|
|Mobile Check Deposit||Varies by Bank||Some banks offer immediate availability for a fee, while others may take a business day or more.|
|Direct Deposit||Same Day or Next Day||Payroll or government direct deposits are often available the same day or the next business day.|
Is Online Check Deposit Immediate?
Online check deposit, also known as mobile check deposit, allows customers to deposit checks using a mobile app. The availability of these funds can vary by bank and may not always be immediate.
|Bank||Online Check Deposit Availability|
|PNC||Immediate (PNC Express Funds)||For a fee, funds are available immediately. Standard availability is the next day.|
|U.S. Bank||Subject to Agreement||Availability is subject to the Digital Services Agreement.|
|Chase||Next Business Day||Funds from online check deposits are typically available by the next business day.|
|Bank of the West||Not Specified||No specific mention of online check deposit availability.|
Read also: Mobile Deposit Accepted but Not in Account?
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