Yes, Deposit@home, scanning checks on your desk top has been around for years. Deposit@moble, snapping a pic of a check from your iPhone (or android?) has been around for about a year. This feature has been incredible since I live in the sticks and the closest bank has been lifted a dozen times in as many years. You just sign the check, write "For deposit only to..." and snap a pic of the front and back, your done! I should point out a couple pros/cons about the service: The Good:
Its just awesome!
The second I upload the photo of the check the money is available in my account. (checking or savings)
It save so much time, seriously, who goes to the bank? My Grandfather!
The Bad:
The app can be difficult to use, often having to take the picture repeatedly.
If you jack-up that signature line your SOL.
You do need a credit card with USAA to use this service.
There is a $10,000 limit to daily deposits.
The Ugly:
I recently received a call from USAA, one of the pictures did not come out... The check had been deposited almost three months prior to the call, and they took that money right out of my account and basically said "go get another check." My Grandfather, the originator of the check (he still gives me birthday money!) took advantage of the situation to give me one of those ol' time lectures about how he used to walk to the bank, in the snow...
- My Grandfather is my hero!
Slashdot Mirror
Yes, Deposit@home, scanning checks on your desk top has been around for years. Deposit@moble, snapping a pic of a check from your iPhone (or android?) has been around for about a year. This feature has been incredible since I live in the sticks and the closest bank has been lifted a dozen times in as many years. You just sign the check, write "For deposit only to..." and snap a pic of the front and back, your done! I should point out a couple pros/cons about the service:
The Good: Its just awesome! The second I upload the photo of the check the money is available in my account. (checking or savings) It save so much time, seriously, who goes to the bank? My Grandfather!
The Bad: The app can be difficult to use, often having to take the picture repeatedly. If you jack-up that signature line your SOL. You do need a credit card with USAA to use this service. There is a $10,000 limit to daily deposits.
The Ugly: I recently received a call from USAA, one of the pictures did not come out... The check had been deposited almost three months prior to the call, and they took that money right out of my account and basically said "go get another check." My Grandfather, the originator of the check (he still gives me birthday money!) took advantage of the situation to give me one of those ol' time lectures about how he used to walk to the bank, in the snow...
- My Grandfather is my hero!