US Bank Offers Check Deposits Via iPhone | Cult of Mac

US Bank Offers Check Deposits Via iPhone




Getting a step closer to completely paperless banking, some customers of USAA will be able to deposit checks using their iPhones.

An updated version of the bank’s mobile app out this week accepts checks that have been photographed with the iPhone.

In the demo above, a bank exec first enters the amount of the check, then lines it up on a desk to take a picture, flips it over to take a shot of the signature. After checking that the images lined up properly and hitting “submit,” the check is in the bank’s system.

“We’re essentially taking an image of the check, and once you hit the send button, that image is going into our deposit-taking system as any other check would,” Wayne Peacock, a USAA executive vice president, told the New York Times.

The check doesn’t have to be mailed or deposited afterward, customers are advised to void or file it.  To avoid fraud trouble, only customers with credit and some kind of insurance are eligible — an estimated 60 percent of the bank’s customers. Since USAA‘s customer base is largely military personnel, for those overseas it might just be the ticket.

The last time I deposited a check, the ATM scanned it directly, but as long as you don’t need to get cash out or do something else this is a nice time saver, especially if you’re a straight shooter.


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