Between the collection of rent checks and reimbursements from work, I can find myself at the Wells Fargo ATM depositing checks multiple times in one week. While I'm happy to have the money, each of those trips to the ATM takes at least 15 minutes. And, for some reason my local ATM seems to be out of order on a regular basis so at least one in ten trips requires a second trip to the next ATM.
I just recently learned, while I was at the ATM on Saturday, that Wells Fargo now has smartphone deposits. I already had the Wells Fargo app for my iPhone so it was easy to simply click on a tab on the app to add remote deposits to my available services. One of the helpful Wells Fargo bankers walked me through how it works and the process is super easy. You simply sign into your account on your iPhone, you select mobile deposit from the menu options, take a photo of the front of the check and then the bank, select the account where you want the money to go, type in the amount and deposit the check. Then you hold onto the check for fourteen days and then destroy it.
I'm very excited about this new option and I think its going to save me at least an hour of time a month.