More banks and credit unions are starting to offer remote deposit in which you can scan your check at home and deposit it online without having to mail in the check. It can help you cut down on your branch visits. It can also be a lot quicker than mailing in your checks, and you don't have to worry about the check being lost in the mail.
One of the big banks that has introduced a remote deposit service is Chase which offers QuickDeposit. They have been heavily advertising this (I must have seen that Chase commercial with the newlyweds at least two dozen times). The problem with Chase's service is that it only works with the iPhone.
US Bank has announced to its customers in May that it will soon be launching its remote deposit service called DepositPoint. After 6 months, I think their use of "soon" was inaccurate. From reports it appears DepositPoint will allow customers to be able scan checks using their home PC and scanner.
With remote deposit services, you may no longer need a brick-and-mortar bank. So internet banks have the most to gain with offering this service. You would think that this service would be common at internet banks. But it's not, and only a few currently offer it. I've listed three below. If you know of others, please leave a comment.
USAA Bank has long been offering its Deposit@Home service. Scans can be done with your home scanner or with a mobile device. The main problem with Deposit@Home is that you must be eligible for USAA property and casualty insurance. This requires some military connection.
EverBank introduced its remote deposit service called Online Check Deposits earlier this year. This service is free and available for both the checking and money market customers. A separate form must be filled out and mailed or faxed. When I checked with EverBank in July, I was told this service has a deposit limit of $10K per day. My Money Blog has an excellent review of this service.
First Internet Bank offers a remote deposit service that it calls iScan Deposit. It's available to customers with First IB's Interest Checking, Regular Savings or Money Market Savings accounts. According to First IB's FAQ, there's a dollar limit of $50,000 per item.
It seems like most of the remote deposit services are being offered by credit unions. Here are three credit unions that make it easy for anyone to join.
Alliant Credit Union offers its remote deposit service, called eDepositPlus, to members who have maintained accounts in good standing for at least six months. My last review on Alliant describes how one can qualify for membership.
Like Alliant, PenFed Credit Union's remote deposit service, called Deposit Anywhere, requires that you have been a member in good standing for 6 months. There's a daily limit of $5,000. My last review on PenFed describes how one can qualify for membership.
Digital Credit Union offers a remote deposit service called PC Deposit and Mobile PC Deposit that allows deposits to be made either by your home PC and scanner or by your mobile phone. My last review on DCU describes how one can qualify for membership.