USAA Federal Savings Bank developed an iPhone app to allow subscribers the ability to deposit checks by taking cell phone photos of the front and back of the check and hitting "send" on their iPhones.
USAA is a bank intended for military personnel and features programs and services for those serving in the U.S. and abroad. Though it already offers scanning-in options for check depositers, this foray into mobile banking would not only simplify the process but also enable more timely depositing. In concern for potential fraud, USAA's app will only be open to customers with a minimum credit score and who are also insured by USAA. The company recommends destroying or voiding the physical check once its digital twin is sent off digitally to the bank.

