Talk about credibility and the iPhone surely has a lot of it, but even then you wouldn’t have imagined that some day the iPhone repute will rise to a level such as this. A picture of a check clicked from both sides using your iPhone is as good as the check for USAA, a privately held bank and insurance company. This company intends to update its iPhone application this week to introduce the check deposit feature-and a customers’ mere job will be to photograph the check. The primarily requisite condition is that you will need to have a credit account with the bank and just in case the check bounces, the amount withdrawn thereon will be added to your credit card. The other obvious condition is that you definitely need to have an account with the bank.
Via: Phonemag