The company has also unveiled new partner integrations to enable direct funding of PayPal accounts and make accelerated payments to various bank and private label credit card accounts through the Ingo Money App.
The app enables users to cash checks up to $5,000 and there is a fee for the immediate ability to send the funds.
Ingo Money is partnering with First Century Bank to process, cash and fund the checks.
Ingo Money CEO Drew Edwards said: "More than 138 million Americans struggle to make ends meet, and check deposit delays and reversals wreak havoc on their finances.
"The new features and funding options in the Ingo Money App make it even easier for them to unlock funds safely and quickly and meet their financial obligations without the fear of bounced checks."
The Ingo Money App allows users to take a photo of a check and submit it for approval. They can make instant funding to almost any bank account or prepaid card account.
