Chase QuickDeposit Review and Updates

If you routinely use the Chase QuickDeposit program, for example via the Chase mobile banking Android app, then these update notifications may be useful to you. The big change is that as of October 2nd the daily deposit limit has been increased to $2K and the monthly limit is increased to $5K. This makes the service much more useful IMHO as the previous $1K/$3K max was a bit limiting… [full review to be posted later]

Here are the update messages from Chase:

Date: 10-25-2011 03:00:00
From: Chase Online
Subject: Important information about Chase QuickDeposit(SM)

Dear Chase Customer:

You are receiving this message because you are enrolled in Chase QuickDepositSM. We want you to know that starting November 13, 2011, your QuickDeposit cutoff time will move to 11 p.m. ET. If we receive your submitted deposit by 11 p.m. ET on any business day, we will consider that day to be the day of the deposit.

Date: 09-24-2011 13:40:00
From: Chase Online
Subject: Important update to your Chase QuickDeposit(SM) Agreement

Dear Chase Customer:

You are receiving this message because you are enrolled in Chase QuickDepositSM. We are increasing the deposit limits for this service effective October 2, 2011.

As a consumer or business customer, you can deposit as much as $2,000 on any day and as much as $5,000 over any thirty (30) day period.

Date: 06-23-2011 11:20:00
From: Chase Online
Subject: Important Changes to Your Online Agreements

Dear Chase Customer:

You are receiving this message because you are enrolled in Chase QuickDepositSM. We want to provide you the following updates for this service.

  • You may deposit as much as $1,000 on any day and as much as $3,000 over any thirty (30) day period. (see updated amounts above)
  • Federal Reserve Board Regulation CC (availability of funds) does not apply when you send us images of your electronic checks. Generally, you will be able to withdraw funds by the second business day after you make a deposit. However, we may delay access to your funds based on factors we determined in our sole discretion.
  • We may return or refuse to accept all or any part of a Chase QuickDeposit transaction at anytime. We are not liable if this would cause outstanding checks or other debits to your account not to be honored and returned.

[end]

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