Do you wish your bank offered the ability to deposit checks by taking a picture of it through your smart phone for that occasional paper check you get a few times a year? You are not alone. While paper check usage is drastically dropping, most people get a few checks a year in the mail or from a personal friend or family member that are a hassle to deposit.
Currently only 9 banks in the US offer this feature and many more banks still don't even have a mobile banking application.
The 9 banks at the time of this writing who offer Mobile Remote Deposit Capture (deposit check with a smartphone) are USAA, Chase, PNC, State Farm, Charles Schwab, Digital Federal Credit Union, Randolph Brooks Federal Credit Union and WV United Credit Union. Some of these banks offer only iPhone while others such as USAA offer Android and Blackberry versions as well.
Fortunately, there is a way to use PayPal to supplement the lack of this feature from your bank to save a trip to your bank or even worse having to mail the check. PayPal offers this feature in its mobile app that then can be linked to your checking account and transferred. The PayPal app was first released for iPhone and Blackberry about a year ago but in May it was finally released for Android addressing just about all smart phone users except WIndows Phone 7. Although the total time to receive the funds may take up to a week it is acceptable for most scenarios.
To make it work just download your PayPal mobile app from your mobile platform's app store or marketplace. Then sign up for for your PayPal account if you don't already have one and link your bank account to your PayPal account.
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