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How to Reach the Underbanked with Mobile Check Deposit
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Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
8/29/2013 | 6:02:56 PM
re: How to Reach the Underbanked with Mobile Check Deposit
Absolutely, it's more convenient and lower cost for these members to deposit a check with their phones vs. going to a check casher.
Cara Latham
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Cara Latham,
User Rank: Apprentice
8/28/2013 | 8:59:50 PM
re: How to Reach the Underbanked with Mobile Check Deposit
It's good to see that some banks really are demonstrating a concern for their customers, especially in areas where it might be difficult for them to actually get to the bank due to closures. I think Hope Credit Union's efforts also build brand loyalty for the underbanked or unbanked customers, who may see a fee taken from their checks by check cashers. That avoids some of the burdens for low-income households.


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