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I wonder how much longer until the established banks adopt similar ideas. From looking at (but not using) Simple, it doesn't seem like they have any technical
by B-Con 14y ago
I wonder how much longer until the established banks adopt similar ideas.
From looking at (but not using) Simple, it doesn't seem like they have any technical advantages, they were just able to start fresh without the bureaucracy bloat that current banks have and focus on modern convenience.
- ceejayoz 14y agoA number already have. Citibank and USAA have offered this for a while, in fact.
- reportingsjr 14y agoPNC as well. Just used it yesterday.
- lnanek2 14y agoChase as well. I've been using Citibank and Chase deposit by picture from their mobile apps for a long time. This is pretty trivial from a technology point of view. The only real difference I've noticed in implementations is the size of the check they allow you to deposit. With Chase I can put in a $1k check I get often, Citibank doesn't allow that, although it has come in handy for the occasional $20 or $50 checks that pop up.