You asked, and we listened. We’re excited to announce that our popular check deposit feature is now available in the iOS app. We understand that dealing with checks can be a hassle, and you have more important things to do than waiting around by your laptop for checks to arrive in your account.
With the check deposit feature in the iOS app, you can be anywhere, getting groceries or enjoying a day at the park, and deposit your checks from your mobile device as soon as they arrive in your account.
Our product and engineering teams have been hard at work for the last few months making this a reality. As of October 6th, this functionality is live in the iOS app! Now you can deposit checks and track their progress at your convenience, 24/7, from your mobile device.
In the age of credit cards and Apple Pay©, it’s easy to think of checks as a thing of the past, but that’s not the case. In 2019, the Federal Reserve reported collecting 17.5 million commercial checks daily. This translates to an average daily value of $33.1 billion. Checks aren’t going anywhere anytime soon, especially for small businesses. According to the SMB Technology Adoption Index™ in Q3 of 2016, 97% of small and medium businesses surveyed were still dependent on checks for sending and receiving payments.
We’ve seen similar trends with Earth Class Mail customers. Earth Class Mail customers cash anywhere between $8 million and $20 million in checks every week. Earth Class Mail customers deposit over 60% of the checks our system detects using the check deposit feature. We know how important it is for our customers to cash checks as quickly as possible, so we decided to invest in making it even easier for customers to deposit checks from their mobile devices.
Learn more about how our customer, Desire Street Ministries, uses check deposit to improve their efficiency as a nonprofit.
Now all iOS users can deposit checks straight from their mobile device! Make deposits, track progress, and get paid faster directly from your iOS device. The new check deposit feature will improve your experience in the following ways:
The funds you need, in your hands faster. We know that many of our customers are small businesses or entrepreneurs who depend on these funds to run their business. We’re thrilled to be able to help get those funds to you faster and more conveniently than ever before.
Keep an eye on your money. The check deposit feature offers a timeline for your checks, so you always know the status of your deposit requests.
If you aren’t already using check deposit with your Earth Class Mail plan, learn more about adding this feature to your plan.
It’s easy to get started with check deposit for iOS. If you already have check deposit enabled on your account, you can start using this feature at no extra cost. For customers who already use our iPhone app, make sure you update your Earth Class Mail app, and then you’ll be able to see the option to deposit checks.
Don’t have our check deposit feature enabled yet? Learn more about signing up for this add-on and getting paid faster. If you aren’t using our iOS app yet, you can download it on the AppStore and start accessing your postal mail and depositing your checks straight from your phone.
Ready to sign up for Check Deposit? Learn more about how to get started.
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