Pentagon Federal Credit Union (PenFed) has enhanced its online services by offering electronically scanned check deposits through its Deposit Anywhere, an online check deposit service.
PenFed said that the newly added feature scanned check deposit service to the Deposit Anywhere service allows a member to initiate a deposit from computer to the checking account for immediate credit on deposit amounts up to $5,000 per member per day. The new service eliminates the need of sending physical checks to the physical check to the credit union.
According to PenFed, through new scanned check Deposit Anywhere service, a member can make a deposit to a PenFed checking account, share savings, or money market share account round the clock from anywhere in the world.
Roderick Mitchell, executive VP of operations at PenFed, said: “Our membership spans the globe, and for many of our members located overseas or living stateside in remote areas, our scanned check Deposit Anywhere service will definitely be an invaluable service that will allow them to have quick and convenient access to their funds.”