Traditional bankers' hours aren't too convenient for customers, especially those looking to deposit at night or on a weekend. Consumers are even looking to avoid a trip to the ATM.
Well, now there's a free app for that.
One Nevada Credit Union is among a growing number of financial institutions - and Nevada's first credit union - to launch a mobile deposit system that allows members to photograph a check and deposit it via an Apple iPhone or iPad or Google Android mobile device.
"Mobile Check Deposit has been requested for some time and our membership is very excited," One Nevada Credit Union President Brad Beal said.
Beal said Monday that the technology makes it "more cost-effective for the credit union as well." The credit union follows in the footsteps of Citibank, JPMorgan Chase and PayPal in offering mobile deposit.
One Nevada, a Las Vegas-based credit union with $683 million in assets and branches in Clark, Nye and Washoe counties, declined to discuss costs associated with the development of the system. The mobile check deposit, also known as remote check capture, uses technology from Performance Systems International.
The app lets members use their iPhones or Androids to take digital photos of the front and back of the check. The check is then processed electronically from start to finish, with no extra charge for customers.
Beal said the app would allow the credit union to offer more services without deploying additional ATMs or tellers.
Beal didn't have figures for mobile deposit use, since the app was released late Friday. He said in the six months since One Nevada released its mobile banking app, 18,000, or almost a quarter of the credit union's 77,000 members, have downloaded it.
"We expect mobile check deposit to be equally strong," Beal said.
The credit union also introduced a new checking rewards program.
Beal said the One Checking Rewards program returns cash to members' account each month and includes other free services based on signature debit card transactions. He said the rewards program aims to encourage members to use their debit cards.
Contact reporter Chris Sieroty at email@example.com or 702-477-3893.