USAA customers armed with an iPhone and the bank’s iPhone app will never have to set foot in or near a bank branch again to turn that useless check into cold hard cash. Simply fire up the bank’s app, snap a picture of both sides of your check using your iPhone’s camera, and hit submit. In a process that takes less than two minutes (and here’s video proof), your check is on its way to your bank account.
The bank is calling its new wireless deposit feature Deposit@Mobile. The feature is available as part of an update to USAA’s iPhone app which debuted in May. Originally, the app allowed customers to transfer funds, check their balance, and find nearby ATMs.
Will your major bank take note? We can only hope.