First, we didn't need to visit the bank teller anymore. Then we were able to stick our checks right into the ATM without an envelope. Now we won't have to leave the house to make deposits.
Earlier this month, Sacramento-based Schools Financial Credit Union became the latest bank to allow customers to scan checks at home and deposit them over the Internet. Golden 1 Credit Union introduced scanner-based check deposits in July.
"Banking's not the way it was five or 10 years ago," said Nathan Schmidt, a vice president at Schools Financial. "With any type of technology, it becomes more convenient to self-service."
Another lender, USAA Federal Savings Bank, has gone even further down the convenience road. It allows customers to deposit checks with their iPhones by taking pictures of both sides of the check with the phone's camera.
According to an Oct. 6 article in American Banker, USAA customers have deposited more than 100,000 checks totaling $61 million with their iPhones since the service became available in August.
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