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iPhone app to deposit checks?

August 10th, 2009

USAA, a small bank that services mostly military personnel, is now updating it’s iPhone application to allow remote check depositing. By using the iPhone’s camera, people can take a picture of both sides of the check and use that to deposit the check.

“We’re essentially taking an image of the check, and once you hit the send button, that image is going into our deposit-taking system as any other check would,” USAA Executive Vice President Wayne Peacock said.

Does this kind of thing excite you or scare you? The world is changing, my friends.

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