Mobile check deposit is a feature that lets you deposit checks straight from your phone — no trip to the bank required. Current, a fintech company with banking services, known for its early direct deposit feature and budgeting tools, also offers mobile check deposit for eligible users.
But how fast do mobile check deposits clear with Current? Turns out, it can vary.
How fast is Current’s mobile check deposit?
Current is a fintech with a digital account with tools like checking, savings, cashback rewards, paycheck advances and more.
It supports mobile check deposits and advertises that mobile deposits can take up to five business days to clear, depending on your account history and the check amount. In most cases, you can expect your funds to be available within three to five business days, similar to traditional check processing times.
But, in some cases, Current may make checks available immediately. To qualify for instant deposits, Current claims that its system automatically checks your deposit history and your overall account health to see if checks are eligible to post right away.
While some eligible users may qualify for instant deposits, this feature isn’t guaranteed for everyone. If you want mobile check deposit that clears instantly or at least within the same day, compare accounts with instant mobile check deposit availability.
SoFi Checking and Savings
If you’re looking for a bank with instant mobile check deposit, consider SoFi®.
Up to 3.80% APY on savings by meeting deposit requirements or by paying the SoFi Plus subscription fee every 30 days
Get up to a $300 bonus with direct deposits of $5,000 or more
$0 account or overdraft fees
New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.
SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.
We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.
Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with Eligible Direct Deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage.
Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Can an instant mobile check deposit be delayed?
Yes, an instant mobile check deposit can still be delayed, even at banks that usually offer same-day or near-instant deposits.
Common reasons for your deposit being delayed include being a new customer, depositing the check after the bank’s cutoff time or submitting a check type that isn’t eligible for instant clearing, such as a money order or third-party check.
Delays can also occur if the check amount exceeds daily deposit limits, the account is overdrawn or flagged for review or the bank’s systems are experiencing technical issues.
What types of checks does Current accept for mobile deposit?
Current accepts most standard personal and business checks for mobile deposit, as long as they’re payable to you and drawn on a US bank in US dollars.
However, like most other fintechs and banks, Current does not accept the following types of checks for mobile deposit:
International checks (drawn on non-US banks)
Traveler’s checks
Money orders
Savings bonds
Checks that are postdated, stale-dated or not properly endorsed
If you have one of these types of checks, you’ll need to deposit them by mail or through another financial institution that accepts them.
Alternatives to instant mobile check deposit
If your bank doesn’t offer instant mobile check deposit, there are several alternatives to access your money faster:
Check-cashing services. Visit local check-cashing stores, retail chains or possibly even some grocery stores to cash your check for a fee.
Direct deposit. Set up direct deposit for recurring payments like paychecks or benefits. Many banks and apps — such as Chime or Current — offer early payday, usually up to two days sooner.
Deposit at a bank or ATM. Depositing a check in person or at an ATM may clear faster than through mobile deposit, depending on your bank’s policies. However, Current does not have physical branches.
Mobile check deposit services. Use third-party apps like Ingo Money or GO2bank, which can provide near-instant access to check funds (usually for a small fee).
Hot tip: Current customers have the option of depositing cash to their accounts at over 60,000 retail locations, including CVS, Dollar General and 7-Eleven. At the store, open your Current app and select Money Tab, then Deposit, and then let the cashier scan the barcode that the app generates. You can deposit up to $500 in one transaction this way.
Bottom line
Current does offer instant mobile check deposit, but it’s not available to everyone. Most users will see their funds clear within three to five business days instead.
If you need faster access to your money, consider using direct deposit (which may offer early payday), visiting a check-cashing location, depositing your check in person at a bank, an ATM or using a third-party mobile deposit service like Ingo Money or GO2bank.
See how other options for instant mobile check deposit work
Frequently asked questions
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Summer Nevins is a freelance personal finance writer for Finder. After almost a decade of working in banking and financial services, she quickly realized her true passion is to educate consumers about the complicated facets of all things money. Summer has channeled her passion for personal finance education into writing and since 2020 has written for various clients and publications. She’s recently been working with Influencers like Erika Kullberg and continues to contribute to other finance publications. She holds a BS in Management and Finance and an MBA specializing in Data Analytics from Western Kentucky University. See full bio
