Navy Federal Credit Union (NFCU) provides a convenient mobile deposit service for its members, enabling them to deposit checks with ease using their mobile devices.
The mobile deposit service offers a high daily limit, which is beneficial for members who need to deposit large sums of money without the need to visit a branch or ATM.
Understanding the deposit limits and cut-off times is crucial for members who wish to use of this service effectively.
What is Navy Federal Mobile Deposit Limit?
NFCU has established a generous limit for mobile deposits. When using the mobile deposit service, members can deposit up to an aggregate amount of $50,000 per business day.
This limit allows for a substantial amount of funds to be deposited quickly and securely, catering to both personal and business member needs.
What is Navy Federal Mobile Deposit Cut Off Time
To ensure that your deposit is processed on the same business day, you must submit your deposit by 6:00 pm Eastern Time (ET), Monday through Friday.
Additionally, it’s important to receive a deposit approval email from NFCU on the same day for the deposit to be considered received on that day.
What If The Payment Not Made On Cutt Off Time in Navy Federal?
Deposits made on weekends, Federal Holidays, or after 6:00 pm will not be processed on the day of submission. Instead, these deposits are considered received on the next business day.
This is standard practice across many financial institutions and must be taken into account when planning your finances, especially around holidays or non-business days.
Right to Modify Limits
NFCU members need to note that the credit union reserves the right to modify the limits on the amount and/or number of deposits transmitted using the mobile deposit service.
This means that while the current limit is set at $50,000 per business day, NFCU may adjust this limit as necessary.
Members should stay informed of any changes to the mobile deposit service terms by regularly checking NFCU communications or updates to the service terms.