Deposit Checks Via Your Smart Phone or Tablet
Deposit your checks using your smart device’s camera. Take a picture of your check to deposit it into your Sb1 checking or savings account, via our DeposZip® app.

DeposZip

 

Point. Shoot. Deposit!

Deposit your checks on the go, wherever you go, with Sb1’s DeposZip mobile app. Limit your trips to the branch by taking a photo of a paper check on your mobile device via our free and secure DeposZip app. Your deposit will upload to the Sb1 checking or savings account you designate, and will be available the next business day. You can even use this mobile app to make loan payments! 


How Does It Work?

Consider a check: it’s a piece of paper that contains your bank account information on it, instructing your bank to allow the bearer to withdraw a designated amount of your money from your account in Bank A and into their account in Bank B. Behind the scenes, your check is transported to a clearing house that collects and tallies all the checks moving between Bank A and Bank B in a given day. The clearing house performs a single transaction once a day to cover the amount of money changing hands. Since 2004, that process has been digitized, and banks would transfer digital images of checks, freeing them of the legal requirement of storing and transporting checks.

What This Means For You

This means when you deposit a check with our DesposZip app, you’re doing exactly what a bank would do if you brought a check in for deposit at an Sb1 branch. We’ve made the check deposit process as streamlines as possible. 

FAQs

What are the qualifications for DeposZip?

Any Sb1 member who meets the following set of criteria can use DeposZip:

  1.  Must be enrolled in Netbanker and at least 18 years old.
  2.  Have a Checking Account or Savings Account.
  3.  Account must be in good standing.

How can I sign up for DeposZip?

  1. You must be a NetBanker user to use DeposZip.
  2. Log onto your Sb1 mobile banking app. (If you do not have this app, download it from your app store by searching “sb1”)
  3. In your Sb1 mobile app, you should see a link to “DeposZip” under your Sb1 accounts.
  4. Click that link to register for Sb1’s DeposZip app.
  5. Download your DeposZip app from your app store for FREE!
  6. A DeposZip registration confirmation will be sent via email.
  7. To deposit a check, log onto your Sb1 mobile banking app and select the account you wish to deposit your check.

Are there fees to use DeposZip?

No

What is the deposit limit?

DeposZip deposits can be made for a total of up to $2,500.

Can I make a loan payment using DeposZip?

Yes

Are there any types of checks that cannot be submitted using DeposZip?

The following items cannot be submitted for deposit using DeposZip:

  1. Any item drawn on my account or my affiliate’s account.
  2. Any item that is stamped with a “non-negotiable” watermark.
  3. Any item that contains evidence of alteration to the information on the check.
  4. Any item issued by a financial institution in a foreign country.
  5. Any item that is incomplete.
  6. Any item that is “stale dated” or “post dated.”
  7. Savings Bonds


How should I endorse the check?

The back of each check must include:
PLEASE NOTE: If the back of the check is not properly endorsed, we reserve the right to reject the check for deposit.

  • The words :For deposit only Sb1FCU
  • The Member Number
  • The account number to which it is being deposited
  • The words “Sb1FCU.org” on MM/DD/YY (TODAY’S DATE)
  • Payees Endorsement

Example:

 Check

How quickly will the funds be available for me to use?

You will get a confirmation email when the check has been received. Funds will be available at the end of the following business day the check was received

How long should I hold on to my check(s) after I deposit it using DeposZip?

Once your deposit has been credited to your account, you should securely store the original check(s) for 60 days before destroying it.

How will I know if my deposit was received?

You will receive a confirmation email.

How will I know if there is a problem with my deposit?

You will receive an email noting there is a problem

If I have questions, where can I go to receive help?

If you are within the DeposZip section of Netbanker, you can select "Help" or "?" as you begin the transaction and you will see information specific to the page you are on. You can also send an email to mail@sb1fcu.org or call (800) 806-9465.

Deposit Checks Via Your Smart Phone or Tablet
Deposit your checks using your smart device’s camera. Take a picture of your check to deposit it into your Sb1 checking or savings account, via our DeposZip® app.