Mobile Deposit Changes Effective July 1st, 2018
Member Notification: Effective July 1, 2018, deposits made using SnoCope’s Mobile App or CO-OP’s Sprig’s Mobile App will require you write the words “Mobile Deposit” as part of the endorsement on the back of the check. This is now required as part of a new regulatory provision (Reg CC) designed to protect against checks being deposited more than once.
Checks deposited without the proper endorsement will not be accepted. Some checks have a checkbox in the endorsement section that can be checked to indicate a deposit is a mobile deposit. Unfortunately, checking that box does not satisfy the new requirement.
SnoCope Mobile App - On or after July 1, you will be required to endorse checks deposited by SnoCope’s Mobile App with the words “For Mobile Deposit Only SnoCope Credit Union.”
CO-OP Sprig Mobile App - On or after July 1, you will be required to endorse checks deposited by CO-OP Sprig’s Mobile App with the words “Sprig Mobile Deposit.”
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