I don't know that there is an industry standard for this. It would be institution-specific and dependent on the institution's own risk assessment, risk appetite, and risk tolerance levels.
Standard for Reviewing Mobile Deposits for Fraud
What is the "industry standard" for reviewing mobile deposits for fraudulent activity? Do most have a set daily/monthly dollar limit and how long must a deposit and on line banking account be open to get access?
First published on 03/17/2014