The USAA’s new iPhone app (called Deposit@Mobile) will let Users snap a picture of the check and deposit via the iPhone camera! I think there are missing something here. The account holder will be able to eat the cake and still have it.
The only remaining reason for many of us to visit bank branch offices, wait in line and interact with a teller is to deposit checks. That’s about to change.
The United Services Automobile Association, a financial services company for members of the U.S. military and veterans, plans to launch a free iPhone app that lets you deposit checks via your iPhone camera. The service will be called USAA Deposit@Mobile. To make a deposit, you use the app to log onto your account, enter the amount of the check, snap a picture of the front and back of the check, then touch the “Send” button.
