Tech Insights

Mobile Deposit

Last updated May 16, 2025, generated by Sumble

What is Mobile Deposit?

Mobile deposit is a feature offered by many banks and credit unions that allows customers to deposit checks using their mobile device. Users typically use a banking app to take a picture of the front and back of the check, which is then transmitted electronically to the bank for processing and deposit into the user's account. It provides a convenient way to deposit checks without visiting a physical branch or ATM.

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What other technologies are related to Mobile Deposit?

Mobile Deposit Competitor Technologies

Mobile Wallet/Bill Pay

Mobile wallets and bill pay services can serve as alternatives to depositing checks, as they allow users to directly pay bills or transfer funds electronically, reducing the need for check deposits.

mentioned alongside Mobile Deposit in 100% (53) of relevant job posts

Bill Pay

Bill pay services offer an alternative to depositing checks and then using those funds to pay bills. Users can directly pay their bills electronically, reducing the need for check deposits.

mentioned alongside Mobile Deposit in 14% (117) of relevant job posts

ACH

ACH (Automated Clearing House) is an electronic funds transfer system that provides a direct alternative to checks. It allows for direct payments and transfers, thereby reducing the need to deposit checks.

mentioned alongside Mobile Deposit in 2% (70) of relevant job posts

Mobile Deposit Complementary Technologies

Remote Deposit Capture

Remote Deposit Capture is the broader technology that encompasses mobile deposit, allowing businesses and individuals to deposit checks remotely using scanners or mobile devices. Mobile deposit is a subset of Remote Deposit Capture.

mentioned alongside Mobile Deposit in 16% (111) of relevant job posts

Mobile Banking

Mobile banking is a broader service that encompasses mobile deposit. Mobile deposit is a feature within mobile banking apps, making them complementary.

mentioned alongside Mobile Deposit in 10% (112) of relevant job posts