Deposit Checks through Paypal and Your iPhone

Paypal has updated it’s app, and they’ve added a new feature: the ability to deposit checks right into your Paypal account through your iPhone. You just take a photo of the front and back of the check, and within 6 days, the money’s in your account. From the updated app, the new feature is in the “Tools” section. You can’t cash checks made out to “cash” it has to be in your name. Still, I can’t remember a time when I’ve gotten a check made out to “cash”.

Just remember that for free Paypal accounts, there is a monthly withdraw limit of $500. Only try to put smaller checks in or you won’t have access to your money for a while.
You can download the Paypal app here. It’s free, so if you use Paypal often, or if you don’t like going to the bank to cash a check, it’s definitely worth it.
via Gizmodo

Leave a Reply

Your email address will not be published. Required fields are marked *