Times have changed!
Soon they introduced prepaid deposit envelopes. Now a deposit would mean a trip to the nearest mailbox and not to a credit union ATM! Even better, but still there was the possibility that the deposit could be lost in mail and it took about a week for the money to actually appear.
But banks and credit unions have kept up with the times and many are offering e-deposit of your checks! All I need is an iPhone or a scanner!
How does check scanning from home work?
This is an example of how eDeposit of checks works with Alliant Credit Union’s online banking site. But the procedure should be similar with other banks as well.
How soon is the money made available?
Immediately! You can verify the deposit by checking the account balance. This may vary from bank to bank, of course.
DCU is one step ahead with check deposits via the camera in your iPhone or iPod Touch through their iPhone app (but DCU’s app doesn’t do anything else!). And conversely, though Alliant recently introduced an iPhone app, you can’t deposit checks with it.
Gotta love the convenience technology offers!
Why exactly do people visit banks again?