A new survey from the American Bankers Association shows the number of people who have used mobile banking to deposit a check increased from about 12.5 percent in 2014 to 15 percent in 2015.
Of those 2015 users, the survey said 54 percent of them deposited a check at least once per month. That’s a sharp decline from 2014’s 80 percent who did it at least once per month.
Nessa Feddis, ABA’s senior vice president and deputy chief counsel for consumer protection and payments, said the decrease likely is affected by the increase in direct deposit and electronic payments.
“People are receiving checks less frequently, but when they do, they’re increasingly turning to mobile banking to deposit them,” she said in a news release. “Mobile has become a bigger part of how people interact with their bank, and we expect banks to continue to expand and enhance customer services available through mobile devices.”
The survey, administered from July 8-13 , included 1,000 adults nationwide age 18 and older interviewed by phone, according to the ABA.