Australian banking group Westpac announced on Monday the launch of its Mobile Cheque Deposit feature. According to Westpac, the new feature allows customers to upload a picture of the front and back of their cheque to the Westpac app and will usually clear and be in the chosen transaction account within three business days.
While sharing more details about the Cheque solution, George Frazis, Chief Executive of Westpac Consumer Bank stated:
“While cheques have a reputation for being old-fashioned, we still receive more than 30,000 cheques from customers every day. We’ve introduced our Mobile Cheque Deposit feature to offer customers even more choice and convenience in how they do their banking. Now, more customers will have the capability to deposit their cheque via smartphone, as well as the option of heading into a branch or visiting one of our smart ATMs.”
Westpac also reported that the feature is now available for more than 1.65 million eligible Westpac customers, with more being added each week. The banking group noted eligible customers can deposit up to $1,000 within a seven-day timeframe using Mobile Cheque Deposit. Mobile Cheque Deposit is available for both iPhone and Android users through the Westpac mobile banking app.
