Deposit your check with Altra Mobile Deposit and it goes into your account within about a minute. Please read disclosure for exceptions to “Real Time”. All checks deposited through Altra Mobile Deposit must be endorsed with your signature in the designated endorsement area and must include the words “For mobile deposit – Altra.”.
The Financial Brand
Sign the back of your check and write “For Mobile Deposit at Wells Fargo Bank Only” below your signature (or if available, check the box that reads: “Check here if mobile deposit”). Take a photo of the front and back of your endorsed check. You can use the camera button to take the photo. For best results, use these photo tips.
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Newsletter for FREE - Sign Up Now Check out this round up of digital banks from around the world and see how these pioneers are redefining the banking industry by connecting with a new generation of mobile-first consumers.
By Jeffry Pilcher, CEO/President and Founder of The Financial Brand
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This list was compiled for one reason only: to provide readers like you with a convenient collection of resources that you can use to analyze digital banks and the products/services they offer. It is not intended to be comprehensive, but if you feel strongly that a firm is missing, you can leave us a comment (no emails, please).
What was the selection criteria? We only chose true online/digital-only banks with a unique brand that is marketed as a stand-alone solution. It has to be more than just a mobile app for a traditional bank; it has to be promoted as an alternative to branch-based banking. If the digital bank is linked to a branch network through its parent company, then branch access can not be celebrated as a main selling point (e.g., Capital One 360). After all, one of the fundamental strategies of a digital bank is to reduce costs by eliminating the brick-and-mortar channel.
We have not included online savings banks like Atom in the UK. We are only listing digital banks that offer checking/current accounts or the equivalent — a transactional account that is intended to take regular deposits and accommodate day-to-day spending/payments.
Only those digital banks that have officially launched publicly have been included, and the list is limited to financial institutions that conduct the bulk of their marketing in English.
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Ally
Website:www.ally.com Launched: 2010 Employees: 7,825 HQ Location: United States Notable Features: Interest-bearing online checking account, with no monthly maintenance fees, 24/7 live customer support, Zelle integration, and free ATMs on the Allpoint network.
B
Parent Company: Clydesdale Bank & Yorkshire Bank Website:www.youandb.co.uk Launched: 2016 Employees: n/a HQ Location: United Kingdom Notable Features: A current account that pays interest on balances up to £2,000, and an instant savings account. Offering both debit and credit cards, incorporating Touch ID, Apple Pay and Android Pay.
Bank Mobile
Parent Company: Customers Bank Website:www.bankmobile.com Launched: 2015 Employees: 140 HQ Location: United States Notable Features: An all-digital checking account with mobile check deposit, P2P mobile payments, mobile photo bill pay, PFM tools, fee-free overdraft protection, and 0.75% APY on savings.
CBD Now
Parent Company: Commercial Bank of Dubai Website: www.cbdnow.ae Launched: 2016 Employees: n/a HQ Location: UAE Notable Features: Online account opening in five minutes, with a debit card hand-delivered within 24 hours.
Chime
Parent Company: Website:www.chimebank.com Launched: 2013 Employees: 46 HQ Location: United States Notable Features: Visa debit card, automatic savings program, no fees, real-time alerts and daily balance updates. Offers cashback rewards on purchases, and 1.75% on savings.
Digibank
Parent Company: DBS Website:dbs.com/digibank Launched: 2016 Employees: n/a HQ Location: India Notable Features: eWallet, mobile payments, mobile investments, “digisavings” and an AI-powered virtual assistant.
Fidor
Parent Company: Website: www.fidorbank.uk Launched: 2009 Employees: 75 HQ Location: Germany Notable Features: A current account that pays interest rates influenced by Facebook likes, and an active “Smart Community” platform for discussing financial matters.
Finn
Parent Company: Chase Website:chase.com/finnbank Launched: 2017 Employees: n/a HQ Location: United States Notable Features: Checking + savings tied to a prepaid debit card. Customers can use a phone to open an account, make deposits, issue checks, track spending and set up savings plans. Users can rate transactions.
First Direct
Parent Company: HSBC Website:firstdirect.com Launched: 1989 Employees: 691 HQ Location: United Kingdom Notable Features: Arguably the first true “direct bank” on earth, and one of only a few worldwide to offer a full range of banking products including home loans, personal loans, investments and insurance.
GoBank
Parent Company: Green Dot Website:www.gobank.com Launched: 2013 Employees: 892 HQ Location: United States Notable Features: Online checkbook, “Fortune Teller” PFM tools, “Money Vault” savings, P2P transfers, and 40,000 free ATMs. Users can add money to their account at Walmart.
HelloBank
Parent Company: BNP Paribas Website:www.hellobank.be Launched: 2013 Employees: 184 HQ Location: Belgium Notable Features: One of the largest and most sophisticated digital banks in Europe, offering a current account, insurance, loans, savings and brokerages services.
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Koho
Parent Company: Website:www.koho.ca Launched: 2014 Employees: 38 HQ Location: Canada Notable Features: Users can send transfers, pay bills, save automatically, use ATMs and manage their spending with PFM tools.
Loot
Parent Company: Website: loot.io Launched: 2016 Employees: 32 HQ Location: United Kingdom Notable Features: A current account with contactless Loot Mastercard card that includes PFM-style savings goals and budgeting tools.
Mashreq Neo
Parent Company: Mashreq Website:www.mashreqneo.com Launched: 2017 Employees: n/a HQ Location: UAE Notable Features: Credit cards, debit cards, current accounts, personal loans, remittances, foreign currencies, global stock trading, gold trading, foreign currency investment capabilities, and the Neo Chatbot, which is integrated with Facebook Messenger. Customers can an account in less than five minutes with Mashreq Neo.
Monese
Parent Company: Website:monese.com Launched: 2013 Employees: 187 HQ Location: United Kingdom Notable Features: Current account with a contactless prepaid debit card. Available to any UK and European resident. Portable to 20 countries, and supported in 11 languages. Can open accounts in two minutes from your mobile for free — no proof of address or credit check required. Two currencies supported (GBP, Euro), with discounted foreign exchange fees on spend and transfers abroad.
Monzo
Parent Company: Website:monzo.com Launched: 2015 Employees: 184 HQ Location: United Kingdom Notable Features: Real-time breakdown of spending habits, quick mobile money transfers, integration with other day-to-day tech like Uber.
Moven
Parent Company: Website:moven.com Launched: 2011 Employees: 40 HQ Location: United States Notable Features: Checking/current account with prepaid debit card, with PFM budgeting tools and advanced real-time alerts. Moven is now exploring platform-level partnerships with traditional institutions such as TD Bank in Canada.
N26
Parent Company: Website:n26.com Launched: 2013 Employees: 253 HQ Location: Germany Notable Features: A checking account with debit card, digital money transfers, cash withdrawals at ATMs, and a rewards program. Changing a PIN, setting payment limits, and locking or unlocking functionality online and abroad.
Neat
Parent Company: Website:www.neat.hk Launched: 2015 Employees: 21 HQ Location: Hong Kong Notable Features: P2P payments and PFM spending analysis tools. Manage all account and card settings within the app — setting or changing a PIN or blocking a card.
Pepper
Parent Company: Bank Leumi Website:www.pepper.co.il Launched: 2017 Employees: 60 HQ Location: Israel Notable Features: One of the few digital banks that gives uses an actual checkbook (delivered by courier). Offers a credit card, “Pepper Pay”, a savings account, “Pepper Invest”, personal loans and PFM tools. The “Personal Feed” provides a dashboard summary of the account and recent transactions, and includes fun questionnaires and other articles.
Revolut
Parent Company: Website:www.revolut.com Launched: 2014 Employees: 220 HQ Location: United Kingdom Notable Features: Contactless Mastercard with fee-free transactions in over 130 countries. Global payments and P2P transfers. Buy and exchange cryptocurrencies like Bitcoin and Ethereum.
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Simple
Parent Company: BBVA Compass Website:www.simple.com Launched: 2009 Employees: 343 HQ Location: United States Notable Features: One of the very first stand-alone digital-only banks in the U.S., offering a checking account alternative with robust PFM tools including savings goals, “Safe to Spend” reporting, and shared accounts.
Simplii
Parent Company: CIBC Website:www.simplii.com Launched: 2017 Employees: n/a HQ Location: Canada Notable Features: The digital-only arm of CIBC, offering a full suite of financial products to the consumer market — chequing, savings, home loans, investments and access to over 3,400 CIBC ATMs.
Starling
Parent Company: Website:www.starlingbank.com Launched: 2014 Employees: 114 HQ Location: United Kingdom Notable Features: A mobile-only bank account with “Pulse” at-a-glance account updates, savings goals, PFM tools, real-time alerts, and robust security tools including TouchID.
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Tangerine
Parent Company: Scotiabank Website:www.tangerine.ca Launched: 1997 Employees: 1,071 HQ Location: Canada Notable Features: The world’s first mainstream direct bank to be launched on a digitally native platform. Initially known purely as an online savings account, Tangerine (ne: ING Direct Canada) has expanded well beyond its roots — chequing, credit cards, home loans, home equity lending, RSP loans, investments, RSPs and RIFs.
USAA
Parent Company: Website:www.usaa.com Launched: 1922 Employees: n/a HQ Location: United States Notable Features: USAA is one of the most unique and unusual financial institutions on earth. They are a member-based organization exclusive to the U.S. military (active and retired) and their families. They only have one “branch” serving roughly 7 million accounts. Through USAA Federal Savings Bank, members can access their accounts by mobile device, mail or phone — similar to First Direct in the UK.
Banking at Your Convenience!
Woodforest Mobile Deposit is a secure and easy way to deposit a check from virtually anywhere, anytime! You'll need to be enrolled in Woodforest Online Services and have the Woodforest Mobile Banking app installed on your iPhone® or AndroidTM . Enjoy the flexibility and security of depositing a check without driving to a branch. It's as easy as taking a picture!
Flexible . . .
Use Woodforest Mobile Deposit to deposit checks on your time, at your place. Woodforest Mobile Deposit is available 24/7, providing the convenience to deposit checks on your schedule. No lines. No deposit slips. No need to drive to the bank. No problem!
Easy . . .
With Woodforest Mobile Deposit, depositing a check is as easy as 1 - 2 - 3!
Select the eligible account into which you wish to deposit your check.
Take a picture of your entire check with your mobile device camera. Be sure to take a picture of the entire back of your endorsed check or the system will automatically reject the deposit.
Submit your deposit after verifying the information is correct.
And that's it! You'll receive a confirmation email letting you know your deposit has been submitted, and another email once the deposit has been approved.
and Accessible!
The Woodforest Mobile app is available free from the app store for your device. Search for Woodforest Mobile Banking to install. See our Mobile Banking page for more information about our mobile offerings.
- Or -
For more information about Woodforest Mobile Deposit, visit our Frequently Asked Questions.
Best Practices for a Successful Mobile Deposit
Mobile Deposit With Immediate Funds
Ensure your check is properly filled out and is legible. Endorse your check before taking the photos.
When taking a picture of the check, place the check on a dark, non-reflective surface and flatten out the check.
Make sure the entire check is displayed in the camera box; position your mobile device's camera directly over the check to capture a clear image.
Important: Ensure you take a picture of the entire check, both the front and the back. Partial check images will automatically be rejected by the system.
Preview the photo. If it is blurry or not legible, retake the photo.
Once you have submitted the check for deposit, write 'Mobile Deposit on [date of deposit]' on the memo line of the check.
Retain the check until you have received confirmation that it has been approved and processed. At that time you may destroy it; shredding is a secure way to dispose of a check.