PayPal mobile deposit is a convenient feature that allows users to deposit checks remotely using their mobile devices. This feature is available to PayPal account holders who have verified their accounts and have a PayPal debit card or a linked bank account. In this guide, we will walk you through the step-by-step process of using PayPal mobile deposit.
Requirements for Using PayPal Mobile Deposit
To use PayPal mobile deposit, you need to meet certain requirements. First, you must have a verified PayPal account, which means you have provided identification and confirmed your email address and phone number. You also need to have a PayPal debit card or a linked bank account to which the deposited funds can be transferred. Additionally, you must have a compatible mobile device with a camera and the PayPal mobile app installed.
Compatible Mobile Devices
PayPal mobile deposit is compatible with a wide range of mobile devices, including iPhones and iPads running iOS 11 or later, and Android devices running Android 5 or later. The device must also have a rear-facing camera with a minimum resolution of 5 megapixels to capture clear images of the check.
| Device Type | Operating System | Minimum Camera Resolution |
|---|---|---|
| iPhone | iOS 11 or later | 5 megapixels |
| iPad | iOS 11 or later | 5 megapixels |
| Android | Android 5 or later | 5 megapixels |
Step-by-Step Guide to Using PayPal Mobile Deposit
To use PayPal mobile deposit, follow these steps:
- Login to your PayPal account using the mobile app. If you don't have the app, download and install it from the App Store or Google Play Store.
- Tap the "More" menu at the bottom of the screen and select "Add Money" from the list of options.
- Choose "Mobile check deposit" as the funding source. You may be prompted to review and agree to the terms and conditions of the service.
- Enter the check amount and select the account to which you want to deposit the funds. You can choose your PayPal account or a linked bank account.
- Take a photo of the check using the mobile app. Make sure the check is endorsed with your signature and the words "For mobile deposit only" are written below your signature.
- Review and confirm the deposit details, including the check amount and the account to which the funds will be deposited.
- Submit the deposit for processing. The funds will be deposited into your account within a few days, depending on the type of check and the account to which the funds are being deposited.
Check Endorsement Requirements
When endorsing the check for mobile deposit, make sure to sign your name in the endorsement area and write “For mobile deposit only” below your signature. This is a security requirement to prevent the check from being deposited multiple times.
Fees and Limits Associated with PayPal Mobile Deposit
PayPal mobile deposit is a free service, but there may be fees associated with the deposit, depending on the type of check and the account to which the funds are being deposited. For example, if you deposit a check into your PayPal account, you may be charged a fee for instant access to the funds. Additionally, there are limits on the amount you can deposit using mobile deposit, which vary depending on the type of account and your account history.
| Account Type | Daily Deposit Limit | Monthly Deposit Limit |
|---|---|---|
| Personal Account | $5,000 | $10,000 |
| Premier Account | $10,000 | $20,000 |
| Business Account | $20,000 | $50,000 |
Fees for Instant Access to Funds
If you need instant access to the deposited funds, you may be charged a fee, which varies depending on the type of check and the account to which the funds are being deposited. For example, if you deposit a check into your PayPal account and choose instant access to the funds, you may be charged a fee of 1% of the check amount, with a minimum fee of $5.
What types of checks can I deposit using PayPal mobile deposit?
+You can deposit personal checks, business checks, and government checks using PayPal mobile deposit. However, some types of checks, such as cashier’s checks and money orders, may not be eligible for mobile deposit.
How long does it take for the funds to be deposited into my account?
+The funds will be deposited into your account within a few days, depending on the type of check and the account to which the funds are being deposited. If you choose instant access to the funds, the funds will be deposited into your account immediately, but you may be charged a fee.
Can I deposit a check into a bank account using PayPal mobile deposit?
+Yes, you can deposit a check into a bank account using PayPal mobile deposit, but you must have a linked bank account and the bank must be participating in the service.
