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New Changes to Mobile Deposit
Effective July 1, 2018 – Due to upcoming changes to Regulation CC, Synergy Bank is modifying the endorsement standards for deposits made through remote deposit capture and mobile deposit capture services. The endorsement must read, “Mobile Deposit to Synergy Bank” followed by the signatures of the payees. Synergy Bank has the right to reject deposits made after June 30, 2018 that do not have the proper endorsement.