Capital One Bank to accept iPhone check deposits

Joining the growing ranks of iPhone-friendly financial institutions, Capital One is now accepting business check deposits via a standalone iOS app. As TechCrunch reports, the app can't be simply downloaded and used; Capital One business clients must first email the Capital One Treasury Management department (treasury@capitalone.com) and complete the sign-up process.

As one of the last major banks to offer such a service, Capital One's decision to launch a totally separate app rather than simply add the feature to its current offering is a bit of a head-scratcher. Still, I think "better late than never" applies in this case, and Capital One's business clients will surely be glad to see this new option hit the App Store.