Mobile Deposit Policy
Responsible Office – Banking and Accounting Operations
Date Effective – March 1, 2021
Overview and Purpose
Banking & Accounting Operations (BAO) is responsible for establishing a formal Mobile Deposit Policy at the University of Washington.
Scope
All University of Washington departments that utilize the mobile deposit functionality through a mobile device on a bank mobile application.
Definition
Mobile Device – Any device that is considered a smartphone or a tablet, is portable, and is capable of connecting to the internet to collect, store, transmit, or process electronic data or images. Examples include, but are not limited to, iPhones, iPads, or Android phones/tablets.
Mobile Deposit – The act of utilizing a mobile device to capture an image of a check issued to University of Washington and processing the deposit of that check through a bank application which resides on that mobile device.
Policy
- Personal mobile devices are allowed to perform mobile deposits
- Departments are responsible for providing UW mobile devices if personal mobile devices are not preferred
- Mobile devices utilized to process a mobile deposit must have anti-virus software actively enabled on the device
- For additional information about Anti-Virus software that the University of Washington offers, please visit the link below:
- For additional information about Anti-Virus software that the University of Washington offers, please visit the link below:
- Mobile devices utilized for mobile deposits must follow the “Smartphone Configuration” Risk Advisory set by the Office of the Chief Information Security Officer (CISO)
- Mobile deposits must comply with the UW’s Cash Handling Policy
- Only UW-related business activities are allowed when utilizing UW’s bank login credentials
- Physical checks that are processed through mobile deposit must be shredded 14 days after the deposit posting date
- For additional information about UW’s Scanning Policy, please visit the link below
- https://finance.uw.edu/recmgt/scanning-policies
- Please click on the down arrow of “CashPro”
- For additional information about UW’s Scanning Policy, please visit the link below
- Departments are responsible for reconciliation of the mobile deposits to budgets on a regular basis
Contact Information
If there are any questions pertaining to this policy, please contact Banking & Accounting Operations at bankrec@uw.edu.
Written By: Mark Park, Assistant Director– Banking & Accounting Operations
Approved By: Dan Schaaf, Controller
To download this policy in pdf, click here.
Created March 1, 2021