Because USAA has only one physical branch, the feature should be particularly useful to its clients (USAA already let customers deposit checks simply by scanning them). However, there’s speculation in the report that other banks may soon introduce mobile deposit features too.

If they do so, it could give consumers who have largely not been flocking to mobile banking apps a reason to adopt them. However, a recent survey showed that many consumers are uncomfortable with mobile banking because of security and privacy issues—concerns that deposing by phone will also likely raise.