Charles Schwab today announced mobile deposit capabilities for iPad users, enabling Schwab brokerage and Schwab Bank clients to deposit checks remotely by taking a picture of a check with their iPad camera.
Charles Schwab launched its first native app for iPad nearly a year ago, and is one of the few financial services firms to provide its clients the convenience of mobile deposit capabilities and integrated banking and brokerage mobile services.
"The mobile deposit feature is clearly in demand among our clients. In the past year, we've seen the number of mobile deposits to Schwab Bank triple. We're extending the convenience of mobile deposit to our clients who use an iPad to manage their finances," said Diane Russell, senior vice president of platform and product management for Charles Schwab. To deposit a check via their iPad, clients simply select the Schwab Bank or Schwab brokerage account into which they wish to deposit funds, enter the deposit amount, take a photo of the front and endorsed back of the check and hit submit. For more information on iPad features, visit www.youtube.com/watch?v=iRyMJ1n-F74.
"At Schwab, our clients have access to their money anytime, anywhere, and at no additional charge," Russell said. "With our comprehensive mobile offering, Schwab Mobile Deposit, reimbursed ATM fees for both Schwab Bank and brokerage accounts and no account minimums or maintenance fees, we're providing clients value, convenience and flexibility."
Another new feature announced today is extended-hours trading on Schwab mobile apps. Clients can now place orders for eligible stocks and ETFs during pre-market and after hours trading sessions using their mobile devices. "Extended-hours trading on mobile is one more feature that allows our clients to free themselves from the desktop and manage their money anytime and anywhere," Russell added.
Starting today, Schwab clients will also be able to view their Schwab Global Account and OptionsXpress balances on mobile devices.
In addition to these new features, Charles Schwab clients can transfer balances between Schwab Bank and Schwab brokerage accounts, place trades in brokerage accounts and pay bills using Schwab Bank Bill Pay™ on their mobile devices. Clients can view balances and account activity for Schwab Bank and brokerage accounts, Schwab 529 College Savings Plans, and Schwab-administered 401(k) and stock option plans. Schwab mobile apps allow clients to tap into market information with real-time access to quotes, charts and watch lists, providing convenient access to information they need to make informed, real-time decisions about their finances.