If you happen to be a USAA bank customer, you may have access to a whole new window of convenience. Within the retail banking industry, keywords commonly heard are reduce cost, customer convenience and fraud prevention.

In many ways, the three go hand in hand. Self serving banking offers convenience and this in turn helps to to keep operating costs low. With this in mind, USAA bank has come out with a new cool product that they will offer to their personal banking clients. Using an Apple iPhone and a specialized application, clients will be able to take pictures of the front and back of a personal check which they can send to their bank to have deposited into their personal account.

Mobile banking is a growth industry and this financial institution is certainly on the cutting edge with this application. Of course, the scan to deposit will not be offered to all clients as there are significant fraud risks. To be eligible, you must already be approved for credit as well as have some type of insurance product with them.

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