Now that the buzz has subsided regarding the new iPhones, iPads, and growing selection of recently released PC tablets, we can get down to what I believe matters most, which is what one is seeking and finding when using the gadgets and their services.
When it comes to money, a subject that is popular for many, I believe that if we look closely at what we are seeing in regards to this service provided by Chase Bank, we are actually witnessing a major milestone in the revolution of what has been predicted, which is a paperless and cashless society.
Instead of driving to the bank, you can deposit your check with your Chase MobileSM App. Just snap a picture of the front and back of your endorsed check and send it using your Chase MobileSM App. It’s fast, secure and best of all – it’s free for eligible Chase checking customers.
In more simplistic terms, I believe that the original concept involves one scanning an image of a check, and sending it to the bank electronically for deposit, yet it does get better as demonstrated by the new Chase commercial which allows individuals to deposit personal checks into their account with their mobile phones by simply taking a picture of the front and back of the check, sending it to the bank over a secure line, and ojala.. money in the bank!
Hopefully youâ€™ve seen that recent Chase commercial where a newlywed couple uses their iPhone to deposit checks. This new feature is called Quick deposit, and itâ€™s part of an update to the Chase Mobile app in the App Store. You simply take a picture of the front and back of the check, and itâ€™s deposited in your account with no need to visit the bank or ATM.
You simply sign up online to add quick deposit to you online banking account with Chase, and download the app, and youâ€™re ready to go. The app lets you deposit up to $1000 per day and $3000 per month. The question is does it actually work?
The answer is a resounding yes. I simply took picture of the front and back, and then submit, and it showed up deposited in my account after one business day. The whole process took about 30 seconds, and even though the pictures were a bit grainy it went through fine. The process makes depositing checks even simpler than an ATM, and itâ€™s a pleasant surprise that it works so well.
In closing, thinking a bit outside of the box, it would appear as simple as having a computer or phone to send and receive the image of the funds as well as the computer programs and data bases to calculate and record the transactions in order to accomplish
something as outlandish as creating a PimpHop.com Intergalactic Bank.
Can you picture it? Good, now on with the show.
A different perspective to consider.