Higher One announced the addition of new features to its offered OneAccount, an optional FDIC Insured checking account for college and university students. Among them are two additional ways for students to deposit checks.
The OneAccount now features the ability to deposit checks using a beta version of a downloadable app for smart phones. Account holders can take picture of both sides of a signed check and upload it for deposit. In a similar way, account holders can also use a flatbed scanner to scan both sides of their signed check and make a deposit.
Higher One has also implemented a daily non-sufficient funds fee cap for checks, and does not issue non-sufficient funds fees for one-time debit card transactions or for when an account is overdrawn 60 days.
Higher One has been criticized in the past because of its fees. Read how universities are managing with these fees here.