After a period of limited beta testing, Citibank officially announced today that remote check deposits can now be done using its mobile app for Android. Just snap a picture of the check, and it's deposited remotely. The deposit limit seems to be $1,000 per day (at least it was during the beta), so it won't replace going to a local branch to deposit your paycheck just yet for some of you. Read More
Ever since Chase launched its mobile deposit feature in the Android app, I've been using it to deposit checks pretty much exclusively. The only times I couldn't use it were when check amounts exceeded $1,000 or I went past the $3,000 calendar month limit.
Thankfully, according to the letter we just received from Chase, these limits are going up on October 2nd to $2,000/check and $5,000/month. Hopefully, this means that they've tweaked the check recognition algorithms and increased confidence in the program enough to continue increasing these limits in the future. Read More
PayPal for Android has, at long last, been updated with a killer-feature iUsers have enjoyed since last October: camera-based check scanning and depositing. As a frequent PayPal user, myself, I have to say: this is awesome. Checks are the very bane of my (financial) existence; I mean, who uses checks? Every time I get one of those evil little slips, I scurry down to my local Wells Fargo, wasting precious gasoline and time - assuming it doesn't just sit on my desk for a month, taunting me with its hand-scrawled promise of currency (if you haven't noticed, I'm kind of lazy.)
Yes, I'm poor
While I could wait for Wells Fargo to implement such a feature, I might be waiting a while: their Android app is still just a URL bar-less mobile web page. Read More
Chase, a subsidiary of JPMorgan Chase, today released its official and long-awaited mobile banking app for Android. Since I am a Chase customer with 3 credit cards and a checking account (migrated from WaMu), I decided to take it out for a quick spin.
The Chase app features the following:
- instant check deposits by taking photos of the front and back with your phone's camera - it's not the first bank to do this, but it was certainly the #1 wanted feature on my list
- viewing account balances and transaction histories
- paying bills using Chase bill pay
- paying credit card balances
- money transfers, including both account-to-account and wire transfers
- ATM/branch finder
The app is very secure - it requires your password every time you sign on and does not store it anywhere. Read More