Sprig Mobile Deposit ChangePosted: November 16, 2017 | Category: Security
Please Write “Mobile Deposit” or “Sprig Mobile Deposit” On Checks Deposited Through Sprig Mobile App
Effective July 1, 2018, all checks deposited through the Sprig mobile app must have the words “Mobile Deposit” or “Sprig Mobile Deposit” included as part of the endorsement on the back. This is now required as part of a new regulatory provision (Reg CC) designed to protect against duplicate deposits.
Although this special endorsement has been recommended in the past, it will be required effective July 1. Checks deposited without the endorsement will be returned.
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