Your Smartphone's Camera Will Revolutionize How You Bank. Chase (JPM) has a remote deposit capture system, which allows you to use your iPhone 4S to deposit checks from the comfort your home. Simply snap a picture of the check and sends the image to the bank, where it is swiftly deposited in your account.Terreece Clarke used to hate the chore of depositing checks. Every month, the freelance writer in Columbus, Ohio, would get three to five checks, each of which required a trip to the bank with her kids in tow.
"The hassle of finding the time to get to the bank or drive through the ATM and fill out forms, wait, etc., drives me crazy," Clarke said. "And did I mention I have three kids? Bank lines almost guarantee someone will have to pee while we wait, and I cannot count how many times I have gotten to the ATM to discover I don't have a pen or have left the check sitting on my desk at home."
To avoid the headache, she switched to Chase (JPM) to take advantage of its remote deposit capture, which allows her to use her iPhone 4S to deposit checks from the comfort of her living room couch.