In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
It is permissible to deposit sadaqah monies into a bank account and dispose of the charity through a bank facility. However, one must be careful that the account is not contaminated with bank interest.
It is not necessary to have physical possession of the money to dispense of it in sadaqah.
And Allah Ta’āla Knows Best
Mufti Saeed Ahmed Golaub
Islamic Solutions
Jamaica