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Simple (Formerly BankSimple) Rolls Out Mobile Check Deposit

SimpleLogo.jpg

Yesterday, Simple (formerly BankSimple) announced on its blog that it has added a remote deposit capture (RDC) feature.

Customers can use the Simple App on their iPhone to deposit checks. All they need is an endorsed check and their account number, which Simple provides within the app itself.

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Depending on how long you’ve been a Simple customer, up to $200 of the check will be deposited into your account the next day. Users can deposit a maximum of $5,000 total, up to 10 checks per week, and 15 checks per 30 days.

There is still no word as to when Simple will roll out an app for Android.

To learn more about Simple, watch its FinovateFall 2011 demo.