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  2. Best online banks that take cash deposits - AOL

    www.aol.com/finance/best-online-banks-cash...

    SoFi is a personal finance company and online bank with products that include checking and savings accounts. Like Axos Bank, SoFi allows its customers to deposit cash at retail locations that ...

  3. Why some US bank deposits are held up days after ... - AOL

    www.aol.com/finance/why-us-bank-deposits-held...

    The private company that processes many bank-to-bank electronic transfers said a 'processing error' last week led to payment delays on roughly 850,000 transactions.

  4. Remote deposit - Wikipedia

    en.wikipedia.org/wiki/Remote_deposit

    Remote deposit or mobile deposit is the ability of a bank customer to deposit a cheque into a bank account from a remote location, without having to physically deliver the cheque to the bank. This was originally accomplished by scanning a digital image of a cheque into a computer then transmitting that image to the bank, but is now accomplished ...

  5. ACH Transfers: Everything You Need To Know - AOL

    www.aol.com/finance/ach-transfers-everything...

    Concentration: Used to consolidate funds into a single account. Fees for ACH processing vary. All financial institutions that send or receive ACH transfers must pay an annual fee plus nominal fees ...

  6. Expedited Funds Availability Act - Wikipedia

    en.wikipedia.org/wiki/Expedited_Funds...

    The Expedited Funds Availability Act (EFA or EFAA) was enacted in 1987 by the United States Congress for the purpose of standardizing hold periods on deposits made to commercial banks and to regulate institutions' use of deposit holds. It is also referred to as Regulation CC or Reg CC, after the Federal Reserve regulation that implements the act.

  7. Automated clearing house - Wikipedia

    en.wikipedia.org/wiki/Automated_Clearing_House

    Banking. An automated clearing house ( ACH) is a computer-based electronic network for processing transactions, [1] usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits. [2] [3] The ACH system is designed to process batches of payments containing numerous ...

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