Mobile check investment is a free service that allows you to invest into your eligible accounts using the camera in your mobile device and a check that's made payable to Vanguard or at least one of the Vanguard account owners.
You can access mobile check from the more menu on iPhone or Android and from the navigation bar on the iPad, or when you begin to buy or exchange into a fund. Once you've selected a fund and an amount, choose check as your funding method. You'll then be prompted to take a picture of the front and back of your signed check using the camera in your device. We'll use the image to process your transaction.
Not at this time. You can only use the service to buy or exchange into new or existing funds in your existing accounts.
You can invest with the same types of checks that you'd normally send to us in the mail. As usual, your checks must be made payable to Vanguard or to one or more account owners. We accept:
We don't accept:
Yes. Checks written to one or more Vanguard account owners must be endorsed with the payee's signature. Checks written to Vanguard should not be signed on the back.
Yes. Investing by mobile check is limited to $10,000 per trade date, per client. For Voyager, Voyager Select, and Flagship clients, the daily limit is $50,000. For IRA rollover checks, the maximum check amount is $250,000.
We recommend that you save the checks for 14 business days or until you've confirmed that they have been successfully credited to your account. Once the purchase by mobile check is successfully posted, the check can't be used again and may be filed with any paperwork you choose to keep, or destroyed.
For purchases by check into all funds other than money market funds, and for purchases by exchange, wire, or electronic bank transfer (not using an automatic investment plan) into all funds: If the purchase request is received by Vanguard on a business day before the close of regular trading on the NYSE (generally 4 p.m., Eastern time), the trade date for the purchase will be the same day. If the purchase request is received on a business day after the close of regular trading on the NYSE, or on a non-business day, the trade date for the purchase will be the next business day.
For purchases by check into money market funds: If the purchase request is received by Vanguard on a business day before the close of regular trading on the NYSE (generally 4 p.m., Eastern time), the trade date for the purchase will be the next business day. If the purchase request is received on a business day after the close of regular trading on the NYSE, or on a non-business day, the trade date for the purchase will be the second business day following the day Vanguard receives the purchase request. Because money market instruments must be purchased with federal funds and it takes a money market mutual fund one business day to convert check proceeds into federal funds, the trade date for the purchase will be one business day later than for other funds.
Mobile check investments follow the same collectability rule as all other transactions which is 7 days.
We'll let you know how to fix any issues we detect when you're taking a picture of your check. But if your check is submitted but then isn't accepted for whatever reason, we'll let you know. As always, you may contact us if you have any questions or concerns.
No. The images are never stored on your device.