Bank of America says 9% of checks now deposited via Mobile Phones

Brian Moynihan, the president and CEO of Bank of America told analysts following the company’s Q4 2013 conference call  that nine per cent of all its checks deposited now are received from mobile tablets and smart phones.  This is up 28% from the seven per cent received in Q3 2013.

Moynihan told the audience the bank has invested a half a billion dollars in the online and mobile platform across the last three or four years.  He also said it will continue to invest at that rate.