USAA Deposit@Mobile app comes to iPad 2

Source: USAA

With more than $3.9 billion deposited by its members in less than two years using smartphones, USAA's Deposit@Mobile app now is available on iPad 2 - enabling qualified USAA members to deposit checks from multiple platforms using remote deposit capture (RDC) technology.

Being able to deposit a check will enhance the USAA App for iPad®, which already provides USAA members the ability to manage a wide range of financial transactions including: paying bills, transferring funds, placing trades, getting stock quotes and viewing their USAA insurance policies. Members also can add or replace a car on their existing USAA insurance policy and request an auto insurance ID card. In addition, the app provides financial content in the form of stories and videos customized for an optimal iPad experience.

As the first provider to make check deposits possible by using RDC technology, USAA now enables qualified members to deposit money through their preferred channel including from home via a scanner (Deposit@Home®), via mobile devices including iPhone® and AndroidTM (Deposit@Mobile®), and more recently in the retail environment through USAA Easy Deposit at 2,000 The UPS Store® locations.

USAA mobile banking by the numbers

  • 6.7 million checks totaling $3.9 billion have been deposited with Deposit@Mobile (2009 to 6/31/2011).
  • Nearly 2 million members have downloaded the USAA App on their iPhone or Android devices.
  • Approximately 50 percent of USAA's members own smartphones.
  • More than $8,000 is deposited every minute by USAA members using Deposit@Mobile (June 2011).
  • Members log on to the USAA Mobile App or on nearly 20,000 times each hour (June 2011).

"The rapid adoption of mobile devices has led to a dramatic shift in purchasing and consumption behaviors," said David Bohne, president of USAA Federal Savings Bank. "Payments are under transformation and we are exploring all potential solutions to provide our members with a mobile wallet that will add value to their lives."

In the coming months, USAA Bank plans to provide members with additional banking solutions, including offering more ways for depositing cash and the creation of a USAA mobile wallet. USAA will begin testing person-to-person payments with a limited group of members later this summer and is exploring additional mobile wallet features to better meet its members' needs.

"Our highly mobile members - many of whom serve in the military - are fast adopters of technology and need convenient solutions to manage their finances," said Bohne. "Being able to conduct banking transactions on multiple platforms, including the iPad, helps make life easier for our members." 

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