What safeguard is in place to stop a cheque from being mobile deposited twice?
- What safeguards are in place with a mobile deposited cheque so that it is not deposited into two different accounts?
- Is it possible that receiver of a cheque deposits a cheque into CIBC Bank and it comes back NSF and a week later they try and mobile deposit it into TD Bank and this time it goes through because the payer has money in their account? Or does the clearing house recognize a cheque and stops it from being sent to a second bank? Is there a centralized system for it?
- Or is it so that a cheque can be mobile deposited many times and clearing house is agnostic to this and it's the responsibility of the issuing bank to approve it or not?
I would like to know from those with experience or knowledge.