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Venmo has rolled out a new feature allowing users to cash printed, payroll and government checks directly from their smartphone into their accounts.
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With the new "Cash a Check" feature, eligible U.S. Venmo customers who receive a government stimulus paper check in the coming weeks will be able to send it directly to their account through the app, according to the company.
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Users will be able to take a picture of a check they want to cash and send it for review using the Venmo app. According to the company, the process typically takes a few seconds although it can up to an hour to verify the check information prior to its approval. However, checks that aren't approved will not be processed and funds will not be received through Venmo.
Darrell Esch, the senior vice president of Venmo, said the move will help to eliminate the need to physically go to a check-cashing location and wait in line with other people at a time when the number of COVID-19 cases surges.