Mobile check deposit reaches Canada

Nov 28, 2013
Canadians can now deposit checks using their mobile phones, after one of the country's biggest banks announced Wednesday it was launching the feature that is already popular in other countries.

Canadians can now deposit checks using their mobile phones, after one of the country's biggest banks announced Wednesday it was launching the feature that is already popular in other countries.

Clients will be able to skip the trip to the ATM or the branch and make their deposits by simply taking a picture of the check, front and back, with a smartphone and sending the information to the bank via a special app.

"Whether you are a small business owner with a handful of customer checks at the end of day or an employee getting your weekly paycheck, you can literally make a deposit within seconds," said David Williamson, of CIBC, the first big bank in Canada to make this service available.

The bank will take several days to process the deposit, after which the customer can void and discard the check.

According to the bank, they decided to offer deposits at the request of their customers.

The function is "safe and secure," the statement added. "None of the is stored on your device and all wireless transmissions are securely encrypted."

The smartphone app with mobile deposit will be available for download in Apple and Android devices.

Explore further: Thanksgiving travel woes? There's an app for that

add to favorites email to friend print save as pdf

Related Stories

Banking goes mobile, with a few hitches

Jun 13, 2013

Dan Brower fished a much-awaited check from his mailbox but didn't have time to swing by his bank's branch. So the Kansas City resident fired up his 2-week-old iPhone, and with just a flick of his finger - disappointment. ...

New wave of banking: Check deposit via smart-phone photo

Jul 21, 2010

Customers at Chase Bank have a new way to deposit checks: Just snap, snap and tap. Chase has introduced an iPhone application allowing consumers to deposit checks with the camera-enabled smart device, which means no more ...

Doing More with Your Cell Phone

Aug 10, 2009

(PhysOrg.com) -- As technology shrinks, and as it becomes possible to unplug and still conduct all of your business from a hand-held device, we demand more convenience. And there are two entities leading the ...

Recommended for you

Thanksgiving travel woes? There's an app for that

Nov 26, 2014

Traveling by plane, train or automobile can be a headache. Mixing in Thanksgiving can make it a throbbing migraine. Technology provides some pain relief in the form of apps to let you know which roads are ...

Singapore moves to regulate taxi booking apps

Nov 21, 2014

Singapore on Friday announced new rules for mobile taxi booking apps, including US-based Uber, in the latest move by governments around the world to regulate the increasingly popular services.

Protecting personal data in the cloud

Nov 20, 2014

IBM today announced it has patented the design for a data privacy engine that can more efficiently and affordably help businesses protect personal data as it is transferred between countries, including across private clouds.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.