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Remote deposit use has grown. A June 2009 survey by the Independent Community Bankers of America found that 62% of banks in the United States offered merchant remote deposit, and 78% had plans to adopt the technology by 2011. Client adoption of remote deposit capture was projected to reach 1 million by 2010, and over 5 million by 2012. [10]
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Various online banks partner with the Green Dot Network, which enables you to deposit cash into your bank account at participating stores such as 7-Eleven, CVS, Dollar General, Walgreens and Walmart.
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The precursor to the modern online banking services was distance banking electronically and by telephone since the early 1980s. The term 'online' became popular in the late 1980s and referred to the use of a terminal, keyboard, and TV or monitor to access the banking system using a phone line.
Chase Savings is another deposit option that charges a $5 monthly maintenance fee that it waives if you maintain a daily balance of $300 or more. But this account earns 0.01% APY — far less than ...
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2005 - Nevada State Bank is the first bank in the state to offer Remote Deposits, enabling companies to scan checks electronically, from anywhere at any time, instead of going to the bank. January 2006 - The Nevada quarter is launched in a special ceremony on the steps of the Nevada Capitol, as part of the U.S. Mint ’s 50 State Quarters Program.