Important Check Deposit Requirements
Before requesting a Check Deposit, please review the requirements below. These rules are required due to Albi’s payment processing policies.
Fees for Check Deposits
- A 2% processing fee is charged on all Check Deposits processed through Albi
Mortgage Lender Restrictions
- Checks that include a mortgage lender (either as a payee or a referenced party) cannot be processed through Albi
- Mortgage lenders must physically endorse checks, and there is currently no way to collect their endorsement digitally
- This is an industry-wide limitation and is not supported at this time
What Happens If Requirements Aren’t Met
If a check does not meet all of the requirements above:
- The Check Deposit request will fail
- The check must be reissued using a different payment method
Managing Check Deposit Requests
Once a Check Deposit request is submitted:
- The request appears in the project’s Payment Requests tab
From there, you can:
- Cancel the request
- Resend the request
- Track the status until the funds are deposited