I’m Never Going to the Bank Again!

Who has time to go to the bank?  I know I rarely do.  I have two checks in my purse that desperately need to find their way to the bank, and I just can’t manage to find the time to do it.  Seems silly, but it means a detour in my normal routine, and I need to block out an extra ten minutes to do it, ten minutes I don’t often have.

Hello, Paypal deposit by iPhone!  I can take a picture of the front and back of the check, and using the Paypal 2.7 app, I can deposit it right into my Paypal account.  From there I can either spend it (whee!!) or transfer it to my bank via Paypal withdrawal.  Or, if I have a Paypal debit card, I can spend it that way.

I like this idea a lot.  I know my bank doesn’t yet allow us to do electronic deposits (other than transfers).  That would be ideal; but barring that, I can skip the whole bank process and just do it via my phone.

Remember when Paypal was just a way to pay for things on eBay?