Herr Governator, Can We Start Depositing Checks Via iPhones Like They Do In Texas? Puhleeez?
This article from Mashable suggests that waiting in line to deposit checks may be something we don’t have to do for much longer. Oh, my frugal friends! How I have longed and ached for this day. In fact, I wrote a post a while back about how some smaller banks already let their customers deposit checks via fax. But to be honest, I thought this was just another pie-in-the-sky pipe dream that this would start happening anywhere on a mass-scale.
But now I hear that USAA, a bank based in Texas, is already allowing people to deposit their checks remotely via their iPhone app. Because everything is bigger in Texas I guess, so it takes longer to get to the bank. It makes sense that they’d start doing this first. Apparently, the deal is that the bank won’t even require customers to mail in their check later, they will handle it all electronically, and then ask the customers to void the check on their own. At present, you can also use a scanner to deposit checks with USAA.
Here’s a live demo of the service, though the process seems pretty simple (i.e. take a picture of the check, email to the bank):
Pretty damn cool. Now if we could just get it installed in banks in California, I’d be all set