Regulation mandates new check endorsement
If you deposit checks from your smartphone using a Mobile Banking app, effective immediately, the Federal Reserve Board now requires all mobile deposit endorsements to include the statement “FOR MOBILE DEPOSIT ONLY” below your signature.
Endorsements on mobile deposits that DO NOT include the above statement on the back of the check will be rejected by clearing houses. A preprinted statement or check box on the back of the check does NOT meet Regulation CC requirements.
If you have additional questions, call us at 415/ 499-9780 or use our secure contact form.
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