Popular Community Bank launches mobile cheque deposit service

Source: Popular Community Bank

Popular Community Bank today announced the availability of its new Popular Mobile Check Deposits service that enables easy 3 Step, anytime/anywhere deposits of checks up to $1,500 using iPhone or Android.*

To deposit a check a customer with the Mobile app only has to: 1) Access the app and start a new deposit; 2) Take a picture of the front and back of the check; 3) Fill out basic information; and press the "deposit check" button. Mobile Check Deposits is the latest addition to the Popular Mobile Banking Platform, launched in November 2011.

"Our mission is to maintain our strong local roots and offer advanced services customers usually associate with large, national banks," said Manuel Chinea, Senior Vice President, U.S. Retail Banking Operations. "Our Mobile Banking Platform and online banking gives customers 24/7 access from iPhone and Android mobile devices and any computer with Internet connection. Clearly, more and more customers appreciate the convenience of mobile banking, and we are glad to offer them these advanced services."

According to a recent study Federal Study, use of paper checks declined 7.1% since 2006, with a 45% growth in electronic payments.

Banco Popular North America ("Popular") operates 94 branches in four U.S. regions -- Illinois, Florida, New York/New Jersey, and California. Popular features 35,000 surcharge-free ATMs across the U.S., online banking, and a full array of individual and commercial banking services. Popular offers "Totally Free Checking," and is firmly rooted in the communities it serves, through volunteer work and outreach. Popular operates as Popular Community Bank in California, Florida and Illinois and as Banco Popular in New York and New Jersey. The bank rebranded to reflect Popular's broader, diversified customer base.

"Noncash Payment Trends in the United States, 2006 -- 2009," research sponsored by the Federal Reserve System, release April 5, 2011. 

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