J.P. Morgan Wealth Management Introduces QuickDeposit for Investments

J.P. Morgan Wealth Management launched QuickDeposit for Investments, enabling all clients to conveniently deposit checks into their investment accounts anytime from their phone.

Now clients can click "Deposit Checks" on the Home or Pay & Transfer tabs in the Chase Mobile app, take a photo of the check and have their funds deposited in their investment account within 24 hours. This is another step in J.P. Morgan Wealth Management's journey to building out its digital investment capabilities.

"QuickDeposit for banking has always been one of our most popular features," said Kristin Lemkau, CEO of U.S. Wealth Management for J.P. Morgan. "Now we have that same capability for investments. Clients can deposit higher dollar checks right into their investment account quickly and safely."

JPMorgan Chase was one of the first banks to offer quick deposit for bank accounts, and now the feature is available for investment accounts. Clients can deposit up to $100,000 for taxable accounts and $500,000 for retirement accounts, every 30 days. Clients will also be able to use QuickDeposit for Investments in the J.P. Morgan app.

"We know that most of our clients across the wealth spectrum like to handle basic transactions digitally, whether they work with a financial advisor or invest on their own," said Ranjit Samra, Head of Technology at J.P. Morgan Wealth Management. "QuickDeposit for Investments allows them to do this efficiently and is an alternative to mailing a check or going to a branch."

(Source: NS Banking)