USAA Bank has released an iPhone App that will let the banks customers deposit a check using their iPhone.
The application works by the user taking a photo of the check, then entering the amount to be deposited and clicking send, the photo of the check is then automatically sent to the bank and deposited in your account.
You don’t need to send the cheque into the bank, and it can be destroyed once your funds have cleared.
I think is is probably one of the most useful iPhone Apps we have seen so far, lets hope other banks start to use the iPhone for check deposits as it certainly would make life easier.
The USAA Bank iPhone App is now available as a free download from iTunes.
Product Page via Gadget Venue