Check Cashing with Varo: Your Guide to Not Looking Like a Lost Tourist
Let's face it, checks are like those awkward relatives you see at holidays - a little outdated, but they can still come in handy. If you've just scored a check and you're a proud Varo user, fear not, my friend! Cashing that check is easier than explaining to Grandma why cryptocurrency isn't a pyramid scheme.
Here's your ultimate guide to navigating the check-cashing world with Varo, minus the unnecessary hassle.
But First, Can You Even Cash Checks with Varo?
Absolutely! Varo offers the magic of mobile deposit. Just whip out your phone, download the Varo app (if you haven't already), and get ready to say "sayonara" to those long bank lines.
Pro Tip: Make sure your internet connection is strong. You wouldn't want your phone to turn into a potato at the crucial moment, right?
Mobile Deposit: Your Superhero Move
Here's where things get exciting. Grab your check, find a well-lit area (bad lighting is the enemy of a good check picture), and follow these steps:
- Open the Varo app and unleash your inner detective: Look for the "Move Money" section and then dive into the glorious world of "Deposit Checks."
- Prepare for your close-up: Line up the check perfectly within the frame of your phone's camera. Make sure all the corners and information are clear and crisp. No blurry check drama allowed!
- Endorsement Time: Flip that check over and sign it on the back, just like you would normally. Remember to write "For Mobile Deposit Only" under your signature. This is like showing the check ID so it knows where to go.
- Hit that Deposit Button: Feel the surge of satisfaction as you hit that glorious "Deposit" button. You've officially entered the world of check-cashing champions!
Caution! Varo won't accept every type of check. Before you get too excited, make sure your check falls under the category of Varo-approved deposits (https://www.varomoney.com/wp-content/uploads/2022/02/Varo-Bank-Account-Agreement-4_1_2022-1.pdf).
The Waiting Game: How Long Does it Take?
Alright, you've deposited your check, but when can you celebrate with a (responsible amount of) confetti? Varo might take up to 7 business days to make the funds available in your account. Patience is key, grasshopper.
In the meantime, you can check the status of your deposit through the app. No need to call customer service and pretend to be a detective trying to track down a missing fortune (we've all been there).
FAQ: Check Cashing with Varo - The Need-to-Knows
How to endorse a check for mobile deposit?
On the back of the check, sign your name and write "For Mobile Deposit Only" below your signature.
How long does it take for a mobile deposit to clear with Varo?
It can take up to 7 business days for the funds to become available in your account.
Are there any limits on how much I can deposit with mobile deposit?
Yes, there are limits on mobile deposit amounts. Check Varo's deposit limits to be sure (https://www.varomoney.com/wp-content/uploads/2022/02/Varo-Bank-Account-Agreement-4_1_2022-1.pdf).
What types of checks can't I deposit with Varo?
Varo doesn't accept certain types of checks, such as payroll checks from non-US issuers or third-party checks. Check their list of accepted check types before you deposit (https://www.varomoney.com/wp-content/uploads/2022/02/Varo-Bank-Account-Agreement-4_1_2022-1.pdf).
Can I deposit a check if my account is new?
Yes, you can deposit a check even if your account is new. However, there might be a hold on the funds until after a certain period.
So there you have it! Cashing checks with Varo is a breeze. Now go forth and conquer that check, financial superhero!
