E*TRADE Launches Mobile Deposit for iPhone

January 5, 2012 No Comments

E*TRADE Financial Corporation (NASDAQ: ETFC) today announced that E*TRADE Securities LLC has introduced mobile deposit for iPhone, enabling customers to electronically deposit checks to their brokerage or E*TRADE Bank accounts remotely with the use of their iPhone camera.

To make a mobile deposit, eligible customers simply 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. 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.

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.

“Investors are increasingly managing their day-to-day and long-term financial plans via hand-held devices – and we believe our new mobile deposit capability will be well-received by customers and prospects given the added convenience,” said Michael Curcio, President, E*TRADE Securities. “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.”

In addition to mobile deposit for iPhone, E*TRADE introduced a number of new capabilities on its Mobile Pro for iPhone and Android applications, including:

  • Complex Options Trading for iPhone and Android: Get on-the-go access to options opportunities and strategies
  • Streaming Charts for Android: Customizable streaming charts and quotes let you view real-time market data in regular and extended hours
  • CNBC Video for Android: Access breaking news alerts and video clips through CNBC Video on Demand
  • Dynamic Search for Android: Get relevant search results before you even finish typing

To learn more about E*TRADE Mobile Pro, visit http://www.etrade.com/mobile.

Share this story:
  • Print
  • email
  • del.icio.us
  • Google Buzz
  • Yahoo! Buzz
  • Facebook
  • LinkedIn
  • Digg
  • StumbleUpon
  • Twitter
  • Google Bookmarks
Tags: , , , , mobile application, mobile security, mobile wallet, New Product

Leave a Reply

You must be logged in to post a comment.

Don’t Think Mobile Banking Can Surpass Online Banking? Think Again!

It’s one small step for mobile, one giant leap for banking in the 21st century. New findings from Juniper Research reveal...

How Much Cybersecurity Is Enough?

When can an organization rest assured that it’s done enough to secure itself and its customers or constituents against...

CFPB casts its eye on mobile banking

The Consumer Financial Protection Bureau launched an inquiry into the opportunities and challenges associated with the use of mobile...

Target Marketing: Banks Pitch Products Through Smartphones

Imagine walking into an auto dealership with your smartphone in hand and, moments after arriving, the phone buzzes with...

Customers Demand Better Banking Options

The Australian bank Westpac announced recently that the majority of its customers want their mobile banking options to be on...

CFPB seeks information about mobile banking impact on low-income consumers

As mobile banking increases in popularity, the Consumer Financial Protection Bureau is looking into how mobile technologies impact underserved...

First Major Mobile Banking Security Threat Hits the U.S.

Is mobile banking safe? It’s a question that’s been in the back of many people’s minds ever since banks...

Insights From a Mobile Banking Innovator

As the #1 mobile banking provider in Poland, mBank continues to innovate and be recognized by evaluation organizations worldwide...

Security the biggest mobile banking barrier

Consumers’ persistent fears about security are dampening their interest in financial institutions’ mobile technology offerings, according to a new...

By 2016, 25% of the top 50 global banks will have customer app store- Gartner

Banking CIOs, CMOs and line of business (LOB) heads face two key challenges.The first is that the visibility of...