Make a deposit without going to the bank
The technology has been used mostly by businesses up until now. CheckFree is hoping that their service will encourage more widespread use among consumers. If your bank offers online banking, "check" to see if they have this service available to you.
I like this idea and the convenience of depositing checks without leaving my desk. I will definitely use this service if my bank offers it. And for those who are thinking up ways to cheat the system... the banks have fraud protection in place to catch you if you're trying to electronically deposit fake and forged checks. Most notably, you will have to wait for the checks to clear, just like you do with most regular bank deposits.
Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.