Bank allows check deposits via iPhone

USAA, a privately-held bank, is about to roll out an updated version of their iPhone app that will allow select customers to ‘deposit’ checks without having to mail in or step foot into a bank. Customers will photograph both sides of the check with their phone and then a few touches later, voila!

USAA has had check scanning capability for years now and this is just the next step. Expect other larger banks to follow suit quickly.

via NY Times