Even though I’m nearly done with writing checks, I still receive one or two on a regular basis from rebates, payments, etc.
While I have to go to the ATM to cash the check, it’s not the only way to make a deposit with a paper check.
The USAA Deposit@Home service allows you to scan in a check, upload to the Internet and deposit into your online account.
This is the scan and upload process:
Enter your deposit amount online.
Scan the front of the check, cropping for size and rotating appropriately.
Sign and scan the back of the check.
Void the check.
It appears that you can use any scanner, and the USAA’s interface provide the necessary tools for upload.
To be eligible for the Deposit@Home service, you need to have an account with the USAA, which means you need to be (or related to) someone with military service (find out if you’re eligible).
While this seems like it might be a convenient option for depositing, it’s not nearly as easy as getting the funds sent online in the first place.
In a perfect world, we’d all make ACH payments or PayPal transfers to each other and keep sending money paperless.