Mobile check depository is a convenient feature of speech that is offered by many banks and fiscal companies to help customers deposit checks easily — without going to a ramify or ATM .
just use a compatible smartphone and take a pictures of both sides of an second paper check. You can complete such a transaction from anywhere that you have an Internet connection .
PayPal is a major payment platform that allows people to connect their bank accounts, debit cards, and credit cards to pay for purchases and to pay other people.
A PayPal account can besides hold funds before being transferred to a bank score ( or used to pay businesses and people ) .
thus, it ‘s not surprising that many PayPal users would expect it to offer mobile check deposit .
however, PayPal does n’t offer the sport — it was removed in 2014 .
If you expect to use mobile control sediment regularly to fund your PayPal account, there is no way to do so directly through PayPal .
rather, here are some other great channels that you can deposit a bridle from a mobile device, and still how those funds pushed to PayPal .
Two PayPal Mobile Alternatives
The great feature about PayPal is that you can link about any down payment account or product to it .
consequently, you have a hanker list of options that can be used as intermediaries for accepting mobile check deposits .
1. A prepaid card that accepts mobile deposits
A reloadable postpaid card is one way to get mobile check deposit without needing to set up a bank report .
fairy bluebird by American Express, for case, is a prepay card that has no minimum balance requirements and offers free mobile check deposition through their Bluebird Mobile App for iPhone or Android .
additionally, Bluebird has no monthly or annual fees, bill pay fees, overdraft fees, inactivity fees, foreign switch over fees, or card substitute fees .
What makes this card indeed special is that with no inaction fee and no monthly fee, you wo n’t be charged if you decide not to use your tease .
however, withdrawals at non-MoneyPass ATMs will cost you $ 2 and an ATM network overload.
Bluebird members who do n’t have direct deposit connected into their circuit board pay a $ 2 tip, even at MoneyPass ATMs .
2. An online or mobile bank
on-line banks do a batch to sweeten the deal for their customers .
many banks reimburse customers for any and all ATM surcharges and fees, which means they get to withdraw money from whatever bank or ATM is most commodious for them .
Related: Why You Should Choose Online Banks
besides, because these banks do n’t have to spend money on physical care, they can offer customers high-yield check and savings accounts and better rates on loans .
Opening an account is normally free, and last of all, on-line banks dedicate funds to developing their mobile bank platforms .
MyBankTracker rates banks and allows readers to pace them as good. One popular on-line bank known for their high-yield rates is Ally Bank .
Customers who have a day by day balance of $ 15,000 or more get a high annual share concede, and those with casual balances under $ 15,000 suffer a smaller annual percentage give way .
Their interest check has no monthly sustenance fees and does n’t require a minimum balance to open .
Another on-line bank that offers great value to their customers is Bank of Internet.
Read more: Average Credit Card Debt in America: 2021
This bank does n’t have monthly sustenance fees or a minimum monthly libra, deoxyadenosine monophosphate well as unlimited ATM reimbursements, but does require a minimum of $ 100 to open .
however, in return, cardholders receive high percentage APY on all balances under $ 150,000 .