Deposit checks6 of 7Some mobile banking customers have the ability to deposit a payroll or other check into their checking account by simply taking a photo of it from their phone and uploading it. "You can send an image to the bank and have it treated as a deposit," says Bissell.Once a customer deposits the check, he or she can have immediate access to the funds in most cases, says Schwartz. He adds that this feature is especially important for consumers who bank at institutions that don't have brick-and-mortar branches. It's one major way for banks to connect with their members, wherever they are, he says. Related Articles:Is mobile banking safe?Mobile banking for you?Community vs. big banksOnline banking benefitsRelated Links:Auto loan on cell phoneAre bank branches extinct?Pay by cell phone4 tips to thwart ATM thieves advertisement
Some mobile banking customers have the ability to deposit a payroll or other check into their checking account by simply taking a photo of it from their phone and uploading it. "You can send an image to the bank and have it treated as a deposit," says Bissell.
Once a customer deposits the check, he or she can have immediate access to the funds in most cases, says Schwartz. He adds that this feature is especially important for consumers who bank at institutions that don't have brick-and-mortar branches. It's one major way for banks to connect with their members, wherever they are, he says.
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