Chase Bank

Chase bank offers instant money for cheques through iPhone app

Chase bank offers instant money for cheques through iPhone app

The Chase bank has released an updated version of its app for the iPhone that will allow users to instantly get cash for cheques held by them without the need to go to the bank or an ATM.

In the updated Chase iPhone app, the users have to select their account, enter the amount and take a picture of both sides of a cheque to immediately receive money in their accounts.

The bank could face a lot of fraudulent claims and thus it has the option to suspend iPhone deposits if a pattern of false claims emerges.