Here are the answers for those searching the PayPal mobile deposit limit in the US.
The PayPal app allows you to deposit checks through your bank account directly from within the app without having to send them in first.
Use the mobile check capture feature on your mobile app to deposit checks.
The guide will also show you how to use PayPal mobile deposit and how to endorse a check.
PayPal Mobile Deposit Limit
The PayPal mobile deposit limit per transaction is $5 to $5,000.
The limit applies to both the person sending money and the recipient.
When submitting multiple checks, the deposit limit is $5,000 per day and $15,000 per month.
The financial institution may be unable to transfer funds from your check to your account if you reach your account limits.
This is the PayPal mobile deposit limit in the US.
How To Use PayPal Mobile Deposit A Check
Follow the steps below to use PayPal mobile deposit:
- To begin with, select the wallet
- Next, click Cash a check
- Next, input the check amount and take a photo on both the front and back of your approved check with your smartphone.
- Lastly, choose how fast you want to get your money and then click confirm.
You must write invalid on the front and resubmit an image of the check that shows it has been invalidated.
You should never write Invalid on your statement until instructed after getting approval that your check has been accepted.
This is how to use PayPal mobile deposit in the US.
How To Endorse A Check
Endorsing a check authorizes someone else to cash it at a financial institution.
You may support a check because you want to avoid paying fees associated with cashing a check yourself or if you are planning to give the check to another person as a gift.
To endorse a check, you must know the recipient’s name.
Check endorsement is done via email or text message.
After receiving the name, select the check to endorse and select whether you would like to approve the check or wait until it is processed.
This is how to endorse a check for PayPal mobile deposit in the US.