New Service Promises to Let You Deposit Checks with Your Cell Phone
Originally thought to be an April Fool's Day prank posting, apparently Mitek Systems really did develop software that lets customers deposit paper checks using their cell phone. All that's required is a cellphone with a 2-megapixel or higher camera.
The way it works is customers must first download the app from their bank. Once installed, they'll log in, enter in the amount of the check, and then take a snapshot of the check they're trying to deposit and wait for the software to optimize and validate the pic. Do the same for the back of the check and all that's left is to transmit the data to the bank.
Not a bad way to do your banking for those without Direct Deposit, assuming you're okay with sending your bank account information through the airwaves.

Image Credit: Netbanker
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horzo
April 29, 2009 at 12:00pm
Uhmm...your banks don't allow you to deposit checks through their ATMs?
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nekollx
April 29, 2009 at 12:05pm
it's treated as next day deposti meaning a late firday atm deposit would not be "counted" until midnight monday.
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AntiHero
April 29, 2009 at 11:14am
I hate getting checks because my lazy bank closes (4:30) right when i get off work, because of this i've gone over a month without cashing one, and then cashed 3 and gotten funny looks from new tellers, "No, i didn't steal this, you just have shitty hours for my schedule". The bankers hours in most banks are sad, and a complete annoyance. The real banker's hours should be Monday to Friday, 12pm to 8pm, they'd be working the same hours, but different times. My bank is open on saturday's, but it closes at 3 and is typically quite busy. This is a good idea, however it does raise one question. Cellular hacking. It could become a problem...most people are silly enough to save every password with some vault like program, or keyring, and then once they save that, they also save the keyring passcode.
I don't like Microsoft, I associate with it.
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yogurt80
April 29, 2009 at 9:07am
my old job i got paid friday, anddidn't get lunch till 6, after the bank wasclosed, so I had the same problem of the $ not clearing till sometime monday. This would have been awesome.
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nekollx
April 29, 2009 at 7:34am
but it does have potential, one thing that always anoys me is i get my paycheck around 2pm, but often dotn leave the office until after the banks close meaning i deposite my check on saterday and it clears midnight monday.














