The Benefits of Mobile Check Deposit

by Spero Financial

If it seems like everyone you know is using a mobile app to deposit their checks in the bank, that’s probably because they are. According to a recent Bankrate survey, 72% of millennials and 52% of Americans 50 and older use mobile deposit. And when you consider that approximately 95% of Americans own a cell phone and almost 77% of those are smartphones, it’s safe to say that the popularity of mobile deposit will continue to climb. 

If you’re tired of depositing checks at the ATM or in a credit union branch, there’s never been a better time to embrace digital technology and try mobile deposit for yourself.

Anywhere, anytime convenience

If you’ve ever needed to deposit a check but glanced at your watch and realized you’d never make it to the bank or credit union before they close, this perk speaks for itself. With mobile deposit, you can snap a photo of your check and make that deposit whenever you want from wherever you are. No more mad dashes across town. No more extra trips to the ATM. With mobile deposit, it’s as easy as “Tap. Snap. Done.

User-friendly mobile apps

It wasn’t all that long ago that it would have been difficult to list ease-of-use as a benefit of mobile banking apps. Fortunately, most financial institutions have realized that offering seamless mobile interactions is a huge part of creating a positive member experience. As technology improved and app designers gained a better understanding of financial customer needs, mobile deposit apps have become more intuitive and easier to use. 

Practical security

Thanks to industry-standard encryption requirements, mobile banking apps provide a safe, reliable way for account holders to view and manage their money remotely. In addition to the digital security these apps offer, they also safeguard your money against simple human error. When you use mobile deposit, you eliminate the need to carry a physical check around in your wallet or purse, which significantly reduces the chances of loss or theft.

At Spero, we’re proud to provide innovative solutions that make it easier to manage your finances. If you are an Spero member who would like mobile deposit instructions or additional information about the services available through our MONEYLINKSM online banking, click here or visit your nearest branch to speak with one of our member service representatives. 

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