Seetee's Blog

Deposit checks with your iPhone? Lucky Chase and USAA people!

Who thought this day was going to actually come. After reading the USA TODAY article, I still don’t really believe it, and won’t really get a sense of how ridiculously amazing it is until I actually do it.

Essentially, with the JPMorganChase app, you take a picture of the front and back of the check that you want to deposit with your iPhone camera, transmit it to your account and you’re done! A bank called USAA  has also offered this to it’s customers:

USAA, which serves members of the military and their families, had a strong incentive to offer the mobile deposit: It has only one branch, located in San Antonio. Customers outside San Antonio can use other banks’ ATMs for cash withdrawals, but in the past, they had to deposit checks by mail….USAA has offered a deposit app since last August. Customers have used it to deposit 1.5 million checks worth more than $900 million, spokesman Paul Berry says.

 Apparently, BofA has an app in the works to deposit checks as well, but there is no launch date as of yet.