Chase Bank completed an update to their mobile app that allows iPhone users to make check deposits from their phone. The new feature called Quick Deposit is pretty simple to use. Simply login to your online account through the app, then select an account and enter the amount of the check and take a photo using the phone's camera of the back and front and you're done.
The feature does come with some limitations however. You are only permitted to deposit $1,000 per day and $3,000 per week using the tool, which is not helpful for a business.
In addition to check deposits, the app will also sport a new tool called Person-to-Person QuickPay, which allows you to make quick payments to anyone, so long as you possess their email.
These features are an exciting preview of what is to come with mobile online banking in the future.
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