What is mobile deposit?
Mobile deposit is a free, secure service available to clients through the Ameriprise Financial app.* With mobile deposit, you can use the camera on your mobile device to take a picture of a check and deposit it remotely into your eligible Ameriprise brokerage account.
*You must be a registered user of the secure site on ameriprise.com to use the Ameriprise app. For more information, go to ameriprise.com/mobile. For compatible devices, operating systems and other details, also see Ameriprise app FAQ.
What types of accounts are eligible for mobile deposit?
Mobile deposit is available for eligible Ameriprise® and Ameriprise Bank, FSB accounts. You can view your eligible accounts by tapping Deposit Checks from the Ameriprise app menu.
What is the cutoff time for making a mobile deposit?
The cutoff time is 3 p.m. Central time. Mobile deposits submitted after 3 p.m. Central time or on weekends/holidays will be processed the next business day.
Are there limits to the amount of money I can deposit via mobile deposit?
Yes. There is a $100,000.00* daily limit per user on the amount you may deposit via mobile deposit. When you select an account for your mobile deposit, your remaining Daily Deposit Limit amount will display below the Account Balance.
* When a deposit is made to an IRA account, you have the option of choosing which tax year the contribution should apply. This option is only available for eligible IRA plans and depends on the date the contribution was deposited to the account. Please contact your advisor for more information.
When will money I deposit be available for withdrawal?
Ameriprise® Brokerage and Ameriprise® Managed account mobile deposits are subject to a 5-business-day hold period and typically become available for withdrawal on the business day following the hold period (i.e., the 6th business day following the date of deposit).
Ameriprise Bank, FSB mobile deposits are subject to funds availability described in the Deposit Account Agreement. Funds availability depends on the amount of the check, type of check and other factors.
Ameriprise reserves the right to extend the hold period at its sole discretion (e.g., deposit is unusual, is for a new account, etc.).
Note: Requests to move mobile deposit funds internally or trade within an account are permitted during the hold period.
Is mobile deposit safe?
Yes. Because mobile deposit is a service offered through the Ameriprise app, it is covered by safeguards similar to those we use to protect your privacy and security online.
Are check photos stored on my device?
No. To protect your personal and account information, check photos are not stored on your device.