Since there is no physical branch with FSP Bank, there is only a couple of ways to deposit money. These means are intended to make it as convenient for the customer as possible. The options are as follows:
ATM Deposit
With a supporting ATM, deposits of cash can be made. Not all ATMs offer this, and most All Point ATMs do not support deposits being made at their ATMs. Typically, if the ATM is not connected to a bank, then deposits are likely not able to be made.
Electronic Deposit
With the FSP Bank app, the customer can take a picture of the front and back of the check to make a deposit. Money Orders are not accepted with this means. The customer will keep the check until the bank verifies that the check is good. Once the money deposits, the customer can destroy the check.
Mail-in
Mailing a check or money order to FSP Bank is also an option. Keep in mind, it could take up to 7 business days to receive the money order, and of course there is time process the funds. Ideally, accept checks and use the Electronic Deposit option. Cash can be deposited through a store.
Store Deposit
FSP Bank will try to work with some common stores to allow the cashier to accept deposits. The bank customer will use the app to define how much of a deposit that would be made. The customer representative will scan a bar code that would be on a smart phone, and take the money. Once accepted, the money will deposit immediately into the account.