Updated March 30 at 9:30am

Bank of America launches mobile deposits


Say goodbye to your local teller and hello to your smartphone.

On July 26, Bank of America launched new mobile banking products, including mobile check deposit, person-to-person email and mobile transfers and mobile app alerts. Customers will now have the ability to completely manage their finances through their mobile device - from depositing a check, to paying friends and family, to reviewing balances and much more.

According to the company, Bank of America’s new mobile check deposit function lets customers deposit checks securely without making a trip to the ATM or banking center. Once customers download the updated mobile app onto their tablet or smartphone, they can use it to snap photos of the check and allow a few simple on-screen instructions to complete the deposit. Mobile check deposit is currently available on iPad and will be available in the coming weeks on iPhone, Google Android smartphone or tablet and Windows Phone.

Person-to-person email and mobile transfers allow customers to easily conduct transfers via online banking or a smartphone using only an email address or mobile phone number. This eliminates the need for customers to share personal account information, providing stronger protection from identity theft. Customers only complete a one-time enrollment in their online banking account.

The bank has also refined its app such that customers can manage account alerts via their mobile device and choose to receive push notifications of these alerts on their mobile device. It is currently available for the same devices listed above.


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