Can I cash a cheque online?

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Can I cash a cheque online?

Rounding it up

  • Most major banks in Canada let you deposit a cheque online through a mobile app.

  • Depositing a cheque online via a mobile app can be very convenient as it eliminates the need to go to a physical bank branch.

  • Hold times on cheques deposited via mobile apps can be longer than hold times for cheques deposited in person.

  • Some banks have limits on what kinds of cheques you can deposit online, so you may need to go to a bank branch for certain kinds of transactions.

  • Always verify any fees that you might be charged for depositing your cheque with your bank before you proceed with your transaction.

  • Keeping your online banking account information safe by using strong passwords and avoiding public or free Wi-Fi networks is essential to protecting your account from fraud while depositing cheques online.

6 min read

Gaby Pilson
#cheque#online cheque#safety#fraud prevention

Gaby Pilson

Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.

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