A couple of years back, a new regulation was passed that enabled banks to remotely deposit checks by scanning digital images, then transmitting the images to the originating bank. Now that digital images of checks are considered to be just as good as paper checks, it looks like this technology is starting to hit homes.
USAA is now offering the ability for its members to deposit checks without ever leaving their house. Simply endorse your check, scan the front and back, and upload it to the USAA Deposit@Home service, and the deposit is immediately credited with no need to ever bring the physical check into the bank. Let’s hope more banks start to do this in the near future.
[via The Consumerist]