NEW YORK—Just how many people are now using a mobile app to deposit their funds?
A study released by JPMorgan Chase reveals nearly 90% of those surveyed by the company say they’re depositing their money through their financial institution’s app.
Of those, almost half say they have started and/or continued to utilize these mobile options just to avoid physical interactions.
Gill Haus, head of digital technology at Chase, said the company has noted that cash — while being used less frequently — is still “an important form of payment for many of our customers.”