Mobile banking has clearly taken off but US bank USAA is taking it a bit further by allowing iPhone users to deposit checks with the device. According to a story in yesterday's NY Times:
USAA, a privately held bank and insurance company, plans to update its iPhone application this week to introduce the check deposit feature, which requires a customer to photograph both sides of the check with the phone’s camera.
“We’re essentially taking an image of the check, and once you hit the send button, that image is going into our deposit-taking system as any other check would,” said Wayne Peacock, a USAA executive vice president.
Customers will not have to mail the check to the bank later; the deposit will be handled entirely electronically, and the bank suggests voiding the check and filing or discarding it.
The feature won't be available to all USAA customers, only those who qualify (a majority) to protect against fraud. In the US today roughly 15 million people do some sort of mobile banking per comScore.
What's interesting in the table immediately above is the fact that such a substantial part of mobile banking is done at home, indicating a preference for mobile vs. the PC.