Next time you get a check in the mail, there’s no need to drive to the bank to make a deposit. Instead, grab your smartphone. Cellphone-based bank apps now make it simple to click quick photos of the front and back of the check to initiate your deposit. Easy!
- Chase: The Chase Mobile App offers the QuickDeposit feature. Start by choosing which account you’d like the check applied to, then snap pictures of the endorsed check, verify the details, and wait for a confirmation the check is being processed. With this app you’ll never wait in long bank lines again!
- Wells Fargo: Banking giant Wells Fargo is also on top of the mobile check deposit craze. The Wells Fargo Mobile Deposit app works with Andorid, Apple, or any Windows-based cellphone. Again, it’s as simple as clicking photos of both sides of the check, verifying the details and waiting for a confirmation of your deposit.
- Bank of America: Work from a home office? Eliminate bank runs by downloading the Bank of America Mobile Check Deposit application. Feel confident knowing images of your checks are stored on the bank’s servers, not your cellphone, for security reasons. An email reminder will be sent when your deposit is received and funds are usually available the next day.
Are you ready to try this new type of mobile banking? These apps apply to a variety of documents including personal, payroll, government, business, and cashier’s checks. When in doubt, ask your bank if they offer a mobile banking app and what types of checks they accept.
Issuers of these apps remind users to keep paper checks for up to two weeks in case of additional verification needed by the banking institution. After that, shred and recycle the checks.
Are you addicted to cellphone apps? Tell us your about your favorites in the comments below.
