Bank of America Adds Mobile Check Deposit

Bank of America Adds Mobile Check Deposit

As a followup to last week’s post noting that Vanguard had added remote check deposit, I wanted to point out that Bank of America has also (finally!) added this functionality. In fact, they rolled this out for both iOS and Android a couple of weeks ago and I completely missed it.

I had a few checks lying around so I decided to test it out. The interface is (not surprisingly) pretty similar to that of other banks. Simply endorse your check (you’re supposed to indicate “for deposit only”), snap a couple of pictures (front and back), choose an account, enter the amount, confirm the details, and you’re done.

The app accepted the check the handwritten check that I was uploading on the first try, so that’s a good sign. One thing I didn’t like, though, was that I was directed to save the check for 14 days in case it’s needed for verification. With ING Direct you get an immediate e-mail saying that they’ve received the deposit and another e-mail within a day or so saying that it’s safe to destroy the check.

As for limits and timing of funds availability, I’ve done a bit of digging and haven’t been able to find anything particularly authoritative. The app told me that I have a remote deposit limit of $10k/month but I’m not sure if there’s a per check limit or how long it will take for the funds to be available.

Note: According to this post from the NY Times Bucks Blog, the deposit limit varies from customer to customer but is “generally $5, 000 for most customers.”

I’ll try to keep an eye on my account this week to see how quickly things proceed. If you’ve tested out Bank of America’s mobile deposit service, please share your experiences in the comments section.

Hat tip to BG for pointing this out in the comments.

9 Responses to “Bank of America Adds Mobile Check Deposit”

  1. Anonymous

    I tried B of A mobile deposit once (it took three tries for “clear enough images”) – and it will be the one & only time. Not only are they not clear about the instructions (I don’t remember seeing that I needed to write “for deposit only” under my signature as is noted by someone above) but, if there IS an issue (such as “for deposit only” not noted) they don’t notify you of the discrepancy, they just put a hold on your account for the amount of the check with no description and I guess you are supposed to figure out on your own what the problem is, because customer service can’t tell you either. I will admit, when I called, (because of the amount) I knew what the hold was for, but then was told to take the check to my bank for processing anyway. SO, what time did it save me? None, in fact, it has COST me time because I had to call the bank and the issuer to verify everything. Great concept if it worked better but I think I will stick with my ATM transactions.

  2. Anonymous

    It worked the first try for me too!! And since then I’ve gotten about 4 or 5 different paychecks and it hasn’t worked since… Needless to say, I think b of a sucks. This app is garbage as far as I’m concerned.

  3. Anonymous

    Try putting quotation marks around the person’s first
    and last name and search again. There are online sites that offer their services for free.
    To truly engage your audience you need eye contact and using conferencing software you tend to
    lose this.

  4. Anonymous

    Bollocks. 3 attempts on 3 different checks, trying multiple pictures with each. This feature is most likely not being advertised because it does not work reliably. Come on B of A, how hard can this be?

  5. Anonymous

    I used B of A’s mobile deposit last week – for the first time. I have an iPhone4 and it worked flawlessly on the first try. I deposited the check at 7:45 PM. The very next morning I checked my bank balance and the total amount of the mobile deposited check was already in my account! It does not get any more convenient than that! I have to admit that I was very skeptical about actually being able to make a deposit via my phone. Now I am a believer!

  6. Anonymous

    Thanks for the hat tip! What made me even notice at all was that the update wasn’t automatic on Android because of the elevated permissions request (use of the device’s camera).

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