|E*TRADE and Citi Introduce Mobile Check Deposit|
|Written by Dan Wiegand|
|Thursday, 19 January 2012 12:15|
This week, we launched our Mobile Monitor service with the first bi-weekly Mobile Monitor Update of 2012. A full review of E*TRADE’s remote deposit capture tool can be found in the Update.
One of the most interesting storylines we’ve been tracking in mobile finance is the spread of remote deposit capture (RDC). USAA first launched its Deposit@Mobile service in 2009, allowing its far-flung military client base to make check deposits without an ATM. Chase introduced its QuickDeposit RDC tool a year later, followed by U.S. Bank and PNC in 2011. Shortly after, Fidelity and Charles Schwab became the first brokerage firms to offer the feature.E*TRADE
In our first Mobile Monitor Update, we reported that E*TRADE has joined the growing list of firms that offer RDC. As of a December update for the iPhone app, clients with over $1000 in net assets can enter an amount and destination account, snap pictures of the check front and back, and have that money available in one to two business days.
E*TRADE Remote Deposit Capture
Citi Remote Deposit Capture