Available to all TD Bank customers who are enrolled in BusinessDirect – TD Bank’s online banking for business owners – for at least 90 days, the added feature allows customers to deposits checks via the BusinessDirect mobile app on their smartphones, anywhere and anytime they choose.
"We continue to enhance our online and mobile capabilities to adapt to our customers’ changing banking needs," said Ravi Subbaraya, Head of Business Banking Products at TD Bank. "The ability to deposit checks through our mobile app helps small business owners save time that they can, in turn, invest in their business. Their checks get paid faster and that accelerates their cash flow."
To use the mobile check deposit feature, customers can download or update their version of the TD Bank BusinessDirect app from the Google Play or iTunes stores. Customers are able to make a deposit following a simple, three-step process that includes selecting the deposit amount, photographing the front and back of the check, and, selecting the account to receive the deposit. Funds deposited before 8:00 p.m. Eastern Time are generally available the next business day.
TD Bank Small Business ranks highest in J.D. Powers’ Small Business Customer Satisfaction Northeast survey and was named Money Magazine’s "Best Big Bank in America" for 2013.
