Thursday, July 26, 2012

Bank of America offering mobile check deposit

Bank of America Corp. has expanded its mobile banking platform, offering mobile check deposit and other services, it announced today.

Customers of the Charlotte-based bank will now be able to "completely manage their finances through their mobile device," from depositing checks to transferring money using only an e-mail address or mobile phone number, the bank said.

"Our customers are living in a more connected world, and that extends to their financial lives," said Aditya Bhasin, Bank of America's consumer marketing and online and mobile executive. "This 'always-on' environment calls for more convenience, control and flexibility."

The new check deposit function allows customers to snap photos of their checks and deposit them via a tablet or smartphone app. The service is available now for iPad and will be offered in coming weeks on the iPhone, Android and Windows Phone, the bank said.

Bank of America is also rolling out person-to-person e-mail and mobile transfers, allowing customers to send money to others using a person's e-mail address or phone number, rather than detailed account information.

The nation's second-largest lender by assets said in May it surpassed 10 million mobile banking customers, establishing it as the dominant player in that arena. But it has lagged other banks, from San Francisco's Wells Fargo & Co. to Charlotte-based NewDominion Bank, in expanding its mobile services. For details about the bank's mobile platform, visit


Anonymous said...

Um... so is the dominant player or is it lagging behind other banks? Make up your mind ha...