In compliance with regulation that went into effect August 1, 2018, Neighbors would like to remind our members that all mobile deposit checks must contain “For Deposit Only With Neighbors FCU” accompanied with your signature and account number.
The RDC indemnity provision in §229.34(f) is designed to protect financial institutions from receiving paper checks that have already been accepted by another financial institution through mobile deposit.
Please make sure to endorse your checks as follows:
Improper endorsement could potentially lead to delays in your deposit posting. If you have any questions about this, fill out our feedback form or drop us a call at 225-819-2178.