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I just deposited my check thru my banking app

Too bad you can't deposit cash that way :D

I do hope BoA updates their Android app with this feature. I rarely get checks, but it would be a hell of a lot more convenient than going to the ATM when I do.
 
arod757 said:
Been using this with USAA for a year now. It really is great, especially for those of us that are self-employed and receive checks for services rendered in the mail. Good to see some other banks taking advantage of this.
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I LOVE the USAA app for this alone.

I get all kinds of paper checks, rebates, tuition refunds, etc.

My grandmother passed away and my mom and I were given two checks from her estate that we were able to just deposit through USAA.

It was awesome.
 
Is this dangerous in any way? Sorry I really don't know. It just seems so new that I'm a tad hesitant to really use it regularly.
 
Funny, I just noticed this feature yesterday on the Chase app and have been prostelitizing about it all day, LOL

Then again, I hardly ever have cheks to deposit other than the odd check the kids get for birthdays or $2.00 rebate checks.
 
wesk702 said:
Is this dangerous in any way? Sorry I really don't know. It just seems so new that I'm a tad hesitant to really use it regularly.
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Seems to me that if you trust the app and the bank to keep your information safe in the app and communicating between the app and the bank, it's the same thing. As long as you keep the check until it's verifiably honored, it shouldn't be a problem. Any time there ia a question, you still have the check. When it's cleared, you can shred the check. With my anal self, I'd probably keep it for 30 days, just in case, but I wouldn't worry beyond that.
 
i hate chase but this is sweet and thanks to the feds for making overdraft fees opt-in instead of opt-out a lot of my problems with them will disappear (aside from the terrible savings account interest) but this is pretty freakin sweet, I also totally love the new deposit system on their ATMs where you can enter a cash or check and it'll put it right into your account right then and count it and process it, you don't need to fill out an envelope and wait 3 days or whatever, it's pretty rad
 
JayLenochiniMac said:
I seriously doubt it was Chase's fault that you overdrafted in the first place.
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Banks are known for dirty techniques, so they definitely aren't completely innocent.

Ex: $50 limit, and you have a $48, $2, $5, and $10 charge. They will take that $48 charge out first even if it was days before the other 3 charges, charging you $35x3 instead of $35x1.
 
I like chase i still use them even though the closest branch is over 100 miles from me. I hope they have strict account requirments for service because i can imagine that this service will be abused by people. :eek:
 
youngplaya0228 said:
Banks are known for dirty techniques, so they definitely aren't completely innocent.

Ex: $50 limit, and you have a $48, $2, $5, and $10 charge. They will take that $48 charge out first even if it was days before the other 3 charges, charging you $35x3 instead of $35x1.
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True, but I'd rather that they do something about the dirty techniques than do a blanket opting out. Customers have always been able to opt out so it's not a solution to poor money management and overdrafting.

JediZenMaster said:
I hope they have strict account requirments for service because i can imagine that this service will be abused by people. :eek:
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No more than writing/depositing bad or fake checks. I imagine that's why the $1,000 daily max is in place, at least for the time being. $3,000 limit for the whole month isn't too much of a loss for a big bank.
 
youngplaya0228 said:
Banks are known for dirty techniques, so they definitely aren't completely innocent.

Ex: $50 limit, and you have a $48, $2, $5, and $10 charge. They will take that $48 charge out first even if it was days before the other 3 charges, charging you $35x3 instead of $35x1.
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Yeah, they pull crap that costs you a lot of fees but the fact it, the user overdrew their account. Really sucks for those who live paycheck to paycheck.
 
youngplaya0228 said:
Banks are known for dirty techniques, so they definitely aren't completely innocent.

Ex: $50 limit, and you have a $48, $2, $5, and $10 charge. They will take that $48 charge out first even if it was days before the other 3 charges, charging you $35x3 instead of $35x1.
Click to expand...

Yeah many people do not realize that if you mess up, the Bank can and will do whatever they can to maximize profit.

I got two 38$ overdraft fees for two 1$ charges. You do not have the option to turn "Overdraft protection" off and it is show to be a Feature.
 
uhhitsjames said:
In the article it says the $3000 limit is for a week not a month.
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I realize that. Googling shows that half of the sites are saying $3,000/month limit and half are claiming $3,000/week limit. I tried going to chase.com to find which is correct but haven't been able to do so. I don't remember what the disclosures said when I signed up. Anybody?
 
Im like others and have USAA. Isnt USAA a 4000.00 dollar limit a day? At least thats what my limit is. Seriously USAA all the way, I will never go back to any other bank
 
I wish my bank would get their heads out of their asses and develop an iPhone app. Hell, I would be thrilled with just a mobile version of their website that allows me to easily access my accounts online.
 
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