JPMorgan Chase Bank (JMP) recently incorporated a free Quick Deposit feature to its updated iPhone application, allowing you to deposit checks without ever having to make the trip to a nearby branch.

Chase Introduces Mobile Deposits, Quick Pay Features

If you’re an iPhone user and a Chase member, you simply need to download the app, sign in, snap a photo of the front and back of the check and validate some final details before the deposit takes place. No writing or envelope sealing is necessary. Anyone can access the application after signing up through an iPhone at no cost.

The updated mobile app also consists of a Quick Pay feature, enabling you to pay anyone on the spot through your Chase account. All you need to make a payment is the payee’s E-mail address. Chase’s entrance to Quick Deposit and Quick Pay will open the feature to a much wider audience and offer them a promising glimpse into a future of convenient digital financing.

How Common is Quick Deposit?

Chase’s entry to the mobile deposit market may make one of the mobile banking industry’s biggest splashes, but Chase isn’t the first bank to offer the envelope-free deposit service. USAA, which launched its mobile deposit service last year, is one of the most notable institutions to offer the service.

As of now, few banks are offering the Quick Deposit feature. Chase is the first out of the big four (Bank of America®, Citigroup, Wells Fargo, JPMorgan Chase) to include the service in its mobile app.

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  • Rcacsc

    What Chase fails to mention to everyone is that there is a limit on what you can deposit. Anything more than $1,000 will not go through and you are limited to $3,000 a month in deposits by IPHONE.

  • hq

    It should be very useful, but someone said It's not available to the free checking account.

  • js

    it is not available to free checking account – business account required

  • rh

    I have a free student checking account and it works for me.

  • syl

    I have a personal account and it works fine.

  • Frankiebelmain

    I just opened a Chase Free access checking acct and the rep told me it would work for me too! But i can’t seem to figure ot out? I DL the Chase iphone app???

  • Crazy really!!!

  • MSgirl

    Chase recently updated their app on 9/26/2012, and it no longer works on the iphone 3G. I am very unhappy and think that all of us in this position should close our account(s) with Chase unless they agree to reinstate the older version of the app. It worked great and now they fixed something that wasn’t “broke” just to make people go out and buy a new iphone???!