September 29, 2022
USAA Bank to Allow Check Deposit by iPhone

USAA Bank to Allow Check Deposit by iPhone

Posted August 10, 2009 at 11:40am by iClarified · 7558 views
USAA, a private bank, will update its iPhone app this week to enable check deposits using the iPhone, according to a New York Times report.

Users will take a photograph of both sides of the check using the iPhone's camera which will be used to obtain the necessary information for deposit.

“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,” said Wayne Peacock, a USAA executive vice president.

The check will not need to be mailed in at a later date; however, it should be voided then filed or discarded. To reduce fraud, only customers who are eligible for credit and have insurance through USAA will be permitted to use the new deposit feature. About 60 percent of the bank’s 7.2 million customers qualify.

Read More [via NewYorkTimes]


USAA Bank to Allow Check Deposit by iPhone

USAA Bank to Allow Check Deposit by iPhone USAA Bank to Allow Check Deposit by iPhone
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Jason
Jason - August 10, 2009 at 12:10pm
Great news! USAA is primarily a bank for Military personnel (past and present). I joined the bank when I first joined the military (I'm no longer enlisted). I love everything about USAA except I'm in Cleveland, Ohio and they are located in Texas. I could never deposit a check in my own account! Now, thanks to the iPhone, I can do it! Thanks a lot of this heads up iClarrified!
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