A few Credit Unions got together and launched the “Deposit Anywhere” app for iPhone in April. ING DIRECT has caught up with the frenzy of smartphone cheque deposits and released the “Cheque-In” feature today.
Cheque-In is an add-on to their existing app and gives ING customers the option to directly deposit cheques by simply snapping a picture of the front and back of the cheque – currently available on “all major platforms,” including iOS (iPhone, iPad, iPod), Android smartphone and tablets, BlackBerry devices running BlackBerry 10, and tablets running Windows 8. No word on Windows Phone 8 devices. Customers are limited to deposits of $1,500/day, $2,500/week and $5,000/month.
Hopefully this means that other Canadian banking institutions, namely TD Canada Trust, RBC, CIBC, Scotia Bank and BMO will hop on board and adopt this technology.