USAA's Deposit@Mobile Hits Milestones
USAA’s Deposit@Mobile Hits Milestones
0 Comments | Wireless News, Jul 21, 2010
Less than one year from its launch, USAA’s Deposit@Mobile has seen more than 1.5 million checks deposited from a mobile device, totaling more than $928 million.
USAA Federal Savings Bank, which has only one teller-supported branch, located in San Antonio, has seen more than one-third (35 percent) of all checks deposited into accounts using remote deposit capture, where an image of the check is sent directly to the bank from a remote location.
“Nobody wants to take valuable time to drive to the bank and stand in line to deposit a check,” said USAA Federal Savings Bank President David Bohne. “With Deposit@Mobile, it takes less than two minutes to deposit a check at anytime and from anyplace.”
USAA was the first to offer remote deposit capture for its bank customers. In 2007, the bank revolutionized consumer banking with Deposit@Home, which allows customers to deposit checks using their personal scanners at home.
When USAA released Deposit@Mobile last August, it changed the way consumers think about depositing checks, enabling them to take photos of checks with an iPhone or Android mobile device and send the image of the check to the bank via wireless connection. The bank has seen a weekly average of 50,000 checks and $30 million deposited with Deposit@Mobile