E*TRADE introduces mobile deposit for iPhone

E*TRADE Securities has introduced mobile deposit via
mobile banking and investing application E*TRADE Mobile Pro for iPhone.


The mobile deposit enables customers to electronically
deposit checks to their brokerage or E*TRADE Bank accounts remotely with the
use of their iPhone camera.


In order to make a mobile deposit, customers can
photograph the front and back of a paper check with the iPhone’s built-in
camera, and upload electronically via E*TRADE’s mobile banking and investing
application E*TRADE Mobile Pro.


Investors are increasingly managing their day-to-day and
long-term financial plans via hand-held devices. E*TRADE is focused on
delivering the tools, support and technology that enable customers to more
easily manage their money. Mobile deposit is another step in this direction
eliminating the need for waiting in lines, mailing in checks, or transacting
through ATMs,” said Michael Curcio, president, E*TRADE Securities.


The transaction is complete once the deposit amount and
selected bank or brokerage account are confirmed. After the check has posted,
and following standard hold procedures, funds will appear in the E*TRADE
account, which can then be used to transact through etrade.com or E*TRADE Mobile Pro.

In addition to mobile deposit for iPhone, E*TRADE
introduced a number of new capabilities on its Mobile Pro for iPhone and
Android applications, that includes, complex options trading for iPhone and
Android, streaming charts for Android, CNBC Video for Android and dynamic
search for Android to get relevant search results before you even finish

Mobile deposit transactions are secure and covered by
E*TRADE’s Complete Protection Guarantee. The company plans to roll out the
same capability on Android smartphones in early 2012.


By Telecomlead.com Team

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