Definition

A service that lets you deposit checks using your smartphone by taking a picture, making banking more convenient.

What to consider

  • Set up notifications so you’re aware of every transaction.
  • Use the convenience to quickly manage your finances on the go.
  • Keep your login details secure and updated.

Real world scenarios

  • While waiting in line at the grocery store, Ethan used mobile deposit to quickly deposit a check by taking a photo with his smartphone.

Related terms

Banking & Savings