I had never deposited a physical check with the BMO app; but the time frame for my previous bank was less than 48.
I deposited the check on a Friday. The online prompt said it would be posted in 1 to 2 days (They did not state business days) . My deposit did not show pending and I emailed asking why. I recieved a reply that stated
After reviewing your profile, I can confirm your mobile deposit for $xxxx.xx is currently pending. The funds from this deposit should be available in your account tomorrow.
So on Tuesday I called after only $500.00 of the check was avalible. They never stated anywhere that the would only make a portion of the check avalible after deposit. Now I've been told this is STANDARD PROCEDURE FOR ON-LINE DEPOSITS.
Since I cannot find that on the app. I thought it worth sharing the info. read more