On depositing a paper check, using an iPhone, to a virtual bank, over the Internet
The question here is: How do you deposit a paper check to a virtual bank, like ING Direct, without finding an ATM that is certified for use with ING Direct?
In any case I just received a paper check from a magazine for whom I'd written an article. (It's the Jun/Jul 2012 issue of Charged Magazine)
In the past I'd gotten frustrated over the ING Direct account because of the difficulty with depositing paper checks. With a regular bank you go to the ATM, put in your card, sign the check, and away it goes into the innards of the system, and you can get your money in a few days. But because ING Direct doesn't have ATM's it was always a bit of a hurdle that I never crossed. Okay, yes, ING Direct has agreement with thousands of ATM's across the country, and I think there's one a half mile away, but I never bothered to figure out how to use it. But now I've found a solution that's way simpler than going to an ATM, and can be done from anywhere.
Nowadays ING Direct lets you deposit a check by taking a picture of the check, uploading the check images, and presto a few days later you have your money.
The iPhone APP for ING Direct makes it real simple. After signing in to the application using the same authentication steps as for the website, there's a choice for making deposits. To deposit a check, simply use the iPhone camera to take pictures of the front and back, enter the amount of the check, which account to deposit into, and away it goes.