USAA Offers Check Deposit Feature With iPhone
August 11, 2009 by Erik Folgate
Filed under Banking, Tools
The Texas based bank, USAA, released an update to their iPhone application that allows customers to deposit a check through the iPhone. Simply snap a photo of the front and back of the check, and the application will process the check electronically. You never need to physically send in the paper check.
Security issues? USAA realizes that this could bring about security problems, and that is why they are only allowing the feature for customers with another account with them such as an insurance policy or a line of credit.
A feature like this really appeals to someone like me, and it will especially appeal to small business owners or freelancers that get paid in the form of a check. They can easily process a check at the time they receive it. Even with the security issues, I suspect that larger banks will soon follow suit with this iPhone/smartphone feature. Here is a video tutorial of the application from USAA:
I love that my bank is ahead of the curve. Now all I need is an iphone…which I will not be getting anytime soon. iPhone’s are awesome, especially if you use them for work. I however can not imagine spending so much more monthly to have one. Currently my hubby and I pay 80 bucks a month for two phones. Am I right to understand if we both had iphone’s it would cost about 240.00? Crazy.
Ummm yeah, it’d be about $200, unless you wanted the unlimited texting plan. AT&T’s plans suck. I’ve heard that verizon could be getting rights to sell the iPhone, but nothing announced yet.
Lindzee gets her phone paid for by her work. We were paying $100 for two phones, and now i pay $100 for 1, but at least we don’t have to pay for the second one!