OFG Bancorp announced that its Oriental Bank subsidiary has launched “FOTOdepósito,” enabling clients to deposit checks for free through their smartphones and tablet devices. With this, Oriental becomes the first bank in Puerto Rico to offer a mobile deposit solution, reaffirming its commitment to provide clients an accessible, simple, secure and reliable banking experience.
FOTOdepósito follows Oriental’s launch in October of “Freedom Account” (“Cuenta Libre” in Spanish) – the first product in Puerto Rico aimed at the growing number of high-tech customers on the Island who like to bank via mobile phone, tablet, web, debit / credit card, or ATMs; have little need to go into a branch and use a teller; and want to avoid costly ATM withdrawal fees.
Oriental invested approximately $1.5 million to launch FOTOdepósito, including research, development and advertising. FOTOdepósito incorporates all the security measures and password encryption currently employed as part of Oriental’s online banking platform.