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Have a stack of checks waiting to be deposited? Could you use access to those funds today? FA$TCA$H Deposit is a unique product offered by First Priority that will allow you to deposit your funds right through online banking.
How it Works:
- Once approved, simply log onto online banking
- Click on the FA$TCA$H Deposit button, enter your deposit amount, and transfer from your FA$TCA$H Deposit Account to your Share Draft.
- Once you click submit, your Share Draft Account will automatically receive a credit for that deposit.
- Mail your endorsed checks (envelopes and deposit slips will be provided to you) and once received at the credit union, your deposit will be applied to your FA$TCA$H Deposit Account bringing the balance back to zero and completing the transaction.
Frequently Asked Questions:
What if the Credit Union does not receive my check?
If the FA$TCA$H Deposit is not received at the credit union within 15 days of the on-line deposit, the amount of that deposit will be transferred to a FA$TCA$H Deposit Loan. You will receive a notice informing you that the deposit amount was transferred to a FA$TCA$H Deposit Loan.
If my balance is transferred to an FA$TCA$H Deposit Loan, what happens?
First, you have 15 days for the deposit to reach the credit union.
If you process a deposit on-line and the credit union does not receive the physical checks within 15 days, the balance due will be transferred to a loan and charged an annual percentage rate of 18%.
If a FA$TCA$H Deposit Loan is established because your deposit was not received, you will receive another notice informing you of your payment due and the due date.
How much can I deposit at one time?
You can complete an on-line deposit up to $1500. This $1500 limit is a combination of the funds in your FA$TCA$H Deposit Account and deposits that have transferred to your FA$TCA$H Deposit Loan.
How do I order more deposit slips and envelopes?
Simply email the credit union at FA$TCA$H@firstprioritycu.org and we will mail additional envelopes and deposit slips.
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