Disclaimer: not every bank has this setup yet,
my bank just happens to be leading the pack.
I got my iPhone 4 about three weeks after it had been released.
I am finally one of the cool kids and I do not have a blackberry
or windows phone anymore. I installed my banking app and
remembered someone telling me that their app allowed depositing of
checks via the app by taking pictures. Honestly, I thought this
was the most useful thing to do with the camera and the iPhone in
I get expense checks from time to time that are not direct
deposited and my bank has no local branches. Previous to the
iPhone app, I had another bank locally, and I had authorized wire
transfers between the two. But this still required me driving a
ways, depositing the check and then transfer the funds. iPhone app
comes along and this is not a problem any more. I choose mobile
deposit and take a picture of the front and back (which is signed
with and labeled for deposit only into my account). Funds are
To me, this is a game changer and should send banks into
examining why they have so many branches when a smart phone could
do a bulk of deposits for individuals. Commercial deposits, well,
not every solution is a good fit to every problem.