SmartDeposit FAQs

Are there any limits for the amount that can be deposited?
Yes, there are limits for SmartDeposit:
Daily: Two checks per day with a dollar amount of $2,000
Monthly: Twenty checks per month with a dollar amount of $20,000

What kind of checks will HFCU will accept through SmartDeposit?
SmartDeposit will accept the following types of checks:
• A personal check (Share Draft)
• Payroll check
• Money Order
• Traveler’s Check
• Certified Check

Are there any checks HFCU will NOT accept through SmartDeposit?
Yes, there are several types of checks which will not be accepted by SmartDeposit:
• A third party check, i.e., any item that is made payable to another party and then endorsed to you by such party
• An item drawn on your personal account at Heritage Family Credit Union
• An item that contains evidence of alteration to the information on the check
• Any check previously converted to a “substitute check” as defined in Regulation CC
• An item issued to you by a financial institution in a foreign country
• Cashier’s Check
• Remotely Created Check
• An item that is “stale dated”, expired, or “postdated”
• Any item that is “non-negotiable”
• Items that have been re-deposited or returned, such as NSF or refer to maker or returned for any other reason
• Any item that is incomplete
• Cash
• Saving Bonds

Do I have to do anything special for endorsing my checks?
Yes, endorsements that MUST be on the back of a check deposited through SmartDeposit:
• Your Signature
• “For Deposit Only”
• Your Account Number
• “Heritage Family Credit Union”

How long should I hold onto my deposited checks for?
Members should hold onto checks deposited via SmartDeposit for six months.