Saturday, May 28, 2022

Venmo’s mobile app can now cash your checks

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Venmo’s offer become your banking hub now covers your checks. The trademark owned by PayPal is launch a Cash a check function in its Android and ios apps that allow you to deposit money without using your bank’s app or visiting a physical location (a risky proposition in a pandemic). Just like with similar solutions, you just need to take a photo of the check and send it.

Most check approvals should take “a few seconds,” Venmo said, although it can take up to an hour at most. You will pay a fee to deposit most checks, although the firm is temporarily waiving these fees for pandemic stimulus checks.

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