![]() ![]() The networks and various other third party processors we use to send your money depends on the account you choose, and all of them have associated fees and processing costs. Transaction processing costs: In order for us to send your money in minutes to thousands of accounts issued by banks all across the country, we have to use network processors like Visa, MasterCard, American Express, Discover, Star, Pulse, Maestro and many others.When checks do not clear we may never get the money, but we have already given you your money, and it is always guaranteed. Other times there are problems with a check that prevent it from being paid. Bounced and non-payment check costs: Sometimes, a check does not clear because there is not enough money in the check maker’s bank account.That process typically takes a few days, which means that we incur interest expense. Check clearing and settlement costs: When we approve your check and send your money to your selected accounts in minutes, behind the scenes, the check is sent to the Federal Reserve to clear and settle it with the check writer’s bank.To provide this service to you, expenses are incurred in four primary areas: To cash a check and get your money in minutes, the standard fee is 2% for payroll and government checks with a pre-printed signature and 5% for all other accepted checks, with a $5 minimum fee per check. If your check is approved, you can get your money in minutes, as good as cash and safe to spend, and put the money any place you want it. We use lots of sources of information to screen checks fast and most of the time, we approve them. Ingo Money takes the delay and the risk out of checks. We believe that when your bank makes money from your check deposits available to spend, that money should never be taken back from you, even if a check ends up bouncing.We believe it should not take days for a bank to post a check deposit to your account.What we do is a lot harder than it seems, but the reasons we do it are very simple. Now hundreds of thousands of customers use our app to cash checks and get their money in minutes, and we serve more people every day. We thought, “Hey, we can do that.” So we put all of our 15 years of experience servicing banks and other financial services firms to work to serve consumers and small business owners directly, and in 2013, we launched the Ingo Money App with First Century Bank. Paper check processing is slow, which makes it risky, but the money in checks-trillions of dollars every year-is really important to people. Quicken is a registered trademark of Intuit, Inc.We’re a bunch of people who believe that you should be able to access your money right on your phone and put it any place you need it in an instant. Google Play is a trademark of Google Inc. App Store is a service mark of Apple Inc.Īndroid is a trademark of Google Inc. Citizens reserves the right to set limits, eligibility, and/or qualifications at any time.Īpple, the Apple logo, Touch ID, iPhone, iPad, and iPod touch are trademarks of Apple Inc., registered in the U.S. Determining eligibility of a check(s) for Instant Funds is at the sole discretion of Citizens. If the check is deposited before 12:00 AM Eastern Time on a Business Day, Instant Funds can also be used to pay checks and other items that post to your account on that business day. Instant Funds provides immediate availability for withdrawals and new purchases. ![]() Account e-statements are available for certain accounts via the iPad tablet application.Ģ Citizens may offer the customer immediate availability if the mobile check deposit qualifies for Instant Funds from Citizens. E-statements, transfer set-up, Quicken® and self-initiated services like stop payments are not available using your Citizens Mobile Banking App. Transfers to external accounts must be set up previously on Online Banking before they can be accessed via Mobile Banking. You may also perform transfers between your own Citizens accounts. You can view balances and transaction activity for eligible credit and deposit accounts included in your online banking. ![]() You understand and acknowledge that to use this application, you must be an Android™, Apple®, iPhone®, iPod Touch®, or iPad® customer. ** Wireless carrier, text, and/or data charges may applyġ Citizens Mobile Banking App Users: You may download the Citizens Mobile Banking App allowing access to many of the same services and features available with your online banking service. For a complete list of payments checks not eligible for Mobile deposit, Citizens Mobile Deposit Service Agreement for more information. * Mobile Deposit account eligibility requirements, deposit limits and other restrictions may apply.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |