Wednesday, May 15, 2013

NewDominion Bank rolls out mobile check deposits

Charlotte-based NewDominion Bank announced Wednesday that its business customers will now be able to deposit checks using their smartphones.

Individual customers have had access to the popular technology since last year. A number of the larger banks, like Bank of America, Wells Fargo and BB&T, have rolled out the service over the past year as well.

Essentially, you take a photo of the front and back of your check using a smartphone app to deposit the money.

In NewDominion's business offering, multiple users will have the ability to deposit checks to a bank account. Any deposits before 5 p.m. will be processed for the next business day.