24 MAY

Fidelity Investments Adds Check Deposit Capability to iPhone App

by Marianne Schultz
 

Fidelity Investments, one of the largest financial services companies in the world, has released an update to its iPhone app adding the ability to deposit checks using the device’s camera. The update to the free app hit the App Store this morning and requires iOS 3.1 or higher on an iPhone, iPod touch, or iPad.

USAA was the first bank to offer check deposits through an iPhone app in 2009. Last year, Chase Manhattan Bank followed suit and there are now several other financial institutions that offer this capability for iOS devices, including J.P. Morgan, Schwab (EDIT: check deposits coming in a future update), PNC Bank, Affinity Bank and many more.

An FAQ accessible through the app indicates that it will take 4 to 6 business days for checks deposited via the app to posted to an account. Note that the check deposit feature is currently only available through the Fidelity’s iPhone/iPod touch app and is not yet a feature of the company’s iPad-specific app.

  • Finance

    Fidelity Investments

    Last Changed:
    3 weeks ago
    Rating:
    3.00 (4729)
    Version:
    2.2.7
    iOS iPhone

    The Next Generation Fidelity App for iPhone® is a powerful mobile solution providing you with real-time analysis, research, and trading tools in the palm of your hand. Access brokerage and...

3 Comments

  1. VS

    Schwab Mobile app (http://appshopper.com/finance/schwab-mobile) currently does NOT permit remote deposits.

  2. Marianne Schultz

    VS:

    You’re right. The Schwab Mobile app’s description states that check deposit capability is an upcoming feature.

  3. Kira

    That’s lame. I use the USAA App and their mobile deposit checks have instant funds availability.

Leave a comment