I’ve long thought that being able to scan and deposit checks via upload to your bank is an amazingly handy feature. Unfortunately, our primary banks don’t offer this “remote deposit” functionality – yet – so we’ve been left out in the cold.
A brief history of remote deposit
USAA Bank become the first major bank to offer remote deposit to consumers when they rolled out their Deposit@Home service back in 2009. More recently, a growing number of institutions have begun offering similar services.
Remote deposit was actually first made possible by the Check Clearing for the 21st Century Act (Check 21 Act), which made digital images of checks legally acceptable for payment purposes.
While the Check 21 Act was primarily intended to keep American commerce rolling in the event that a catastrophe of some sort made long distance transport impossible, it also opened the door to the scanning and uploading of checks.
Banks and credit unions that accept scanned checks
While there are tons of banks and credit unions that offer remote deposit for commercial customers using specialized hardware, many fewer banks offer this service to consumers using standard scanners or cell phone cameras.
What follows is a list of banks and credit unions that definitely offer consumer-level remote deposit. Alongside each entry is an indication as to whether each institution supports desktop scans, Android photos, and/or iPhone photos of your checks.
- Addison Avenue Credit Union (scans)
- Alliant Credit Union (scans)
- Boeing Employees Credit Union (scans)
- Chase Bank (iPhone)
- Digital Federal Credit Union (scans/Android/iPhone)
- Everbank (scans)
- First Command Bank (scans)
- First Internet Bank of Indiana (scans)
- The Golden 1 Credit Union (scans)
- Hanscom Federal Credit Union (scans)
- NASA Federal Credit Union (scans)
- PenFed Credit Union (scans)
- Penn State Employees Credit Union (scans)
- Randolph Brooks Federal Credit Union (scans)
- Sharon Credit Union (scans)
- Service Credit Union (scans)
- Summit Bank (scans)
- Texas Security Bank (scans)
- USAA Bank (scans/Android/iPhone)
- Vystar Credit Union (scans)
- WV United Federal Credit Union (iPhone)
If you know of any other banks or credit unions that should be included on this list, please leave a comment with the pertinent details.
The future of check scanning
As for the future, US Bank will soon be rolling out their own consumer remote deposit service known as Deposit Express, and other major banks can’t be far behind. While I’m looking forward to Bank of America launching their own service, that’ll be just the tip of the iceberg.
Just think… When you combine ATM fee waivers with online check deposits at banks like ING Direct, most consumers will have very little need for a brick and mortar bank. It’ll be interesting to see how old school banks respond as more and more of their customers flee online.