Now You Can Deposit Checks Through Your Smart Phone

What's Hot

Do This or Your iPhone Bill May SkyrocketSave

23 Upgrades Under $50 to Make Your House Look AwesomeAround The House

Trump Worth $10 Billion Less Than If He’d Simply Invested in Index FundsBusiness

11 Places in the World Where You Can Afford to Retire in StyleMore

What You Need to Know for 2017 Obamacare EnrollmentFamily

8 Things Rich People Buy That Make Them Look DumbAround The House

32 of the Highest-Paid American SpeakersMake

Amazon Prime No Longer Pledges Free 2-Day Shipping on All ItemsMore

More Caffeine Means Less Dementia for WomenFamily

9 Tips to Ensure You’ll Have Enough to RetireFamily

30 Awesome Things to Do in RetirementCollege

5 Spots Where Retirees Can Live for Less Than $40,000Real Estate

10 Ways to Reduce Your Homeowner’s Insurance RatesFamily

10 Ways to Pull Together the Down Payment for a HomeCredit & Debt

Chew on This: The Story Behind Your Hershey’s Halloween TreatsBusiness

The ability to check your balance and transfer funds has long been a mainstay of smartphone apps, but now banks are increasing the convenience by allowing you to deposit paper checks through your phone as well.

Now you no longer need to go to the bank to deposit a check, or even drop it in the mail. You can make your deposits through your smart phone.

For nearly a year, USAA Bank, which has only one branch in San Antonio, has been offering a smart phone deposit app that allows you to use your phone to take a picture of both sides of a check, transmit the image to the bank, and receive credit for the deposit.

Earlier this month, JPMorgan Chase added the feature to its iPhone app as well, and Bank of America is now testing a similar one.

How it works: if you’ve got a Chase account and an iPhone, you download the free app, sign in, and take a picture of the front and back of the check. Then you validate some final details and make the deposit.

The new Chase app also allows you to pay anyone through a Chase account simply by using the payee’s email account.

With the ability to make deposits and write e-checks, your phone is now a bank teller. The only thing left is to get it to dispense cash.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 7 Ways to Save More at Big Lots

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,742 more deals!