As a followup to the recent news that Capital One is buying ING Direct, which was met with mixed reactions, I thought I’d share some positive news about ING Direct…
According to a series of Twitter exchanges, remote deposit of scanned checks is on the way. For example, back in December when they were asked if remote deposit was on the way, they replied:
Mailing checks is sooo 90s – Don’t worry, remote deposit is on the way. It’ll be a dream come true.
And in March, when they were asked if it was still “on the way,” they replied:
You bet, but still no ETA. Weâ€™re forecasting nothing but smooth sailing once released.
And finally… Earlier this month, when asked again about remote deposit, they hinted that it might be available by the 4th of July:
Let us ease the pain… youâ€™ll be seeing some easier ways to deposit checks before youâ€™re declaring your independence.
As far as I’m concerned, this is great news… I’d love to be able to snap a photo of a check – or at least run it through my scanner – and deposit from afar. As things stand, PayPal is currently the only financial institution that I deal with that allows for remote deposit.
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