Are you ready to deposit checks with your iPhone? A mid-sized bank, USAA, has released the first iPhone app that can scan and deposit checks. In the demo below you can see how you simply snap a shot of the check and hit the send button.
The feature requires a customer to photograph both sides of the check with the phone’s camera. All you’ll need is a cellular connection to send the image.
Once you send the images, you no longer need the paper check — you can simply discard it. USAA’s system takes over. The company has been developing a mobile strategy for some time: Three years ago, the bank introduced the option of depositing a check from home using a scanner. USAA plans to offer the feature on other phones later this year, according to the Times.
This updated iPhone application should be a faster and simpler solution than having to scan in the check’s front and back though and I look forward to trying it out.
The iPhone and iPhone 3G do not take very good close up photos so I wonder if an iPhone 3GS is required to use this service. You could also use a Clarifi case from Griffin Technology that I have used before with Evernote to take better close up photos.
What about you? If your bank makes this available will you deposit checks using your iPhone?