Bank of America, the massive US bank, has finally added mobile check deposit to its iPhone and iPad apps. Bank of America personal customers can remotely deposit up to $5,000 in checks per month ($1,000 per month for new accounts) by taking photographs of the front and back of their checks inside the BofA app. Business and Platinum account holders have slightly higher monthly limits.
Bank of America spokesperson Tara Burke issued a statement to MyBankTracker:
Using the Bank of America Mobile App and the camera on their iPhone, iPad, Android smartphone or tablet and Windows phone, mobile banking users can now deposit checks without visiting an ATM or banking center.
Military-focused bank USAA was the first to offer mobile check deposit nearly 3 years ago, offering the much needed feature to its worldwide customer base.
Bank of America has announced a widespread reduction in its ATM and branch networks to save costs. The bank has said it is dropping 1,536 ATMs from its network.