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Discover Bank Adds Mobile Check Deposit


Discover Bank recently added check deposit to its mobile banking. Discover Savings and money market account customers can now use their smartphone to deposit checks. Refer to Discover Bank's mobile bank page to download the iPhone or Android app. One detail that I wasn't able to find on Discover's website was the maximum amount that can be deposited. I had to call to find this out. I was told the maximum is $5,000 per day and a maximum of $25,000 in a rolling 30-day period.

Discover Bank also added bill pay to its mobile banking. This will become more useful when Discover Bank's checking account is released. As I mentioned in January, Discover Bank is preparing to launch a new checking account. According to the CSR this morning, this is still in the testing phase. Current customers will be the first ones to be able to sign up for it.

With a checking account and mobile banking, Discover Bank should compete well against both Ally Bank and Capital One 360 (formerly ING DIRECT). Hopefully, the competition will help encourage more bank deals.

Many internet banks have been behind in offering mobile check deposit. Both Ally Bank and Capital One 360 just released their mobile check deposit service last year (April at Capital One 360 and November at Ally). Large banks like Chase have been ahead of them. That's probably one advantage of being a megabank with lots of resources.

Related Pages: checking account

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  |     |   Comment #1
the android app (that should work on the smasung galaxy 2) doesn't allow for mobile deposits. =(
  |     |   Comment #2
I like to know, how many checks people deposit per month?

None from me and I never receive any checks from anyone.

Useless feature for me and most of you.
  |     |   Comment #3
I use mobile check deposit several times a month (six to be exact). I own six rentals and get rent checks each month. However, I am trying to get the tenants to transition over to erentpayment.com and do everything via ACH electronic deposit. Some of the older tenants are reluctant to do so as they think it is not safe. Try telling to older set in their ways people that the same info is on all the checks they write and they look at you like you are a three headed monster.
  |     |   Comment #4
How come every time i take a picture of the front and the back they keep telling me to take it over n over....can someone show me how the check should be?
Blurry Eyed
  |     |   Comment #5
You probably need a better camera. If it's blurry in any way they will not process the check.
  |     |   Comment #6
Hey I work for Discover, the current mobile check deposit limit is 25k per day and 50k per 30 day rolling period. Also note, if you try to deposit a check via the mobile app and it fails once, you will need to mail the check in for it to be deposited.

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