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My credit union is offering a new service called "deposit@home" (at least I've never heard of it before).

It's a great service to help the credit union retain members who may have moved out of their service area but still want the convenience of making check deposits and getting quick access to their funds.

Basically, deposit@home lets you log in to the online banking web site. You enter the details online of the checks you'd like to deposit (pay-to, maker, check #, amount) up to a maximum of $1500.00. The next business day, the full deposit is credited to your account and the funds are available for use.

The credit union assigns you a special transaction #. You US mail the checks to the credit union (they must receive the deposit within 10 days). They will also accept branch deposits, but you must let the teller know it's a "deposit@home" transaction and provide the transcation #.

Of course, I had to test it out so Sunday evening (approx 10PM). I logged in and entered a "deposit@home" transaction for $100.00. By 2PM Monday (the next day), the $100.00 showed up as available funds in my checking account. Of course, I also had to mail them a check for $100. As they required, I wrote the special transaction # on the outside of the envelope and dropped it in a mailbox.

Pretty neat, huh?

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