Looks like banking giant Chase is finally getting itself into the 21st century with the latest version of its iPhone app. It allows you to deposit paper checks into your Chase account using an iPhone. All you have to do is take a picture of the front and back of the check, hit a few icons, and you’re done.

This is a major time-saver for people and it’s super useful. You don’t have to make a special trip to the bank anymore just for a deposit. We love that.

If you are an iPhone owner and have a bank account with USAA you’ll soon be able to use your iPhone to deposit a check thanks to a new iPhone app, which lets you take a picture of the front and back of the check to deposit it. No more out of the way trips to the bank.

Once you take the pictures, they are then sent to the bank who processes the digital version of the check. The paper check can then be torn up and thrown away if you like. The USAA iPhone App is available now and when the service starts a new update will be made available to those who already have it installed, which allows you to capture the images.