Why can a check deposit take between 3 and 6 business days to be deposited? 👀
Here’s what happens at each step of the process:
Check Deposit:
It all starts when you upload a photo of your check through our app. The sooner you do this, the quicker the deposit process can begin.Check Review:
Our team reviews the check to make sure it's valid, readable, and meets all necessary requirements. This step usually takes up to 1 business day.💡 Important:
The time you upload the check is not the same as the time it's approved.If your check is approved before 2:00 PM ET on a business day, it gets processed that same day.
If it’s approved after 2:00 PM ET, it will be processed on the next business day.
Issuer Bank Confirmation:
Next, the bank that issued the check needs to confirm there are enough funds. This step can take 1 to 2 business days.Funds Transfer:
Once the funds are confirmed, the issuing bank sends us the money. This transfer can take another 1 to 2 business days.Deposit into Your Comun Account:
As soon as we receive the funds, we deposit them into your account. This final step may take an additional 1 to 2 business days.
We know waiting can be tough, especially when it comes to your money. To help speed up the process, follow these tips from your Comun account:
Use your physical or virtual card frequently
Send remittances to your home country
Connect your direct deposit
These actions help us learn more about how you use your account—which means faster processing times for you in the future. 💙