Many investors put off making final Individual Retirement Account contributions until the last minute. Now, Fidelity Investments has an app for that.
The firm says it just launched a mobile check deposit app for iPad, in time for investors to use it before the April 17 IRA contribution deadline.
Checks can of course also be deposited into non-retirement (brokerage) accounts, subject to a maximum daily limit of $10,000.
Fidelity gets about 45% of its annual IRA contributions within the four weeks prior to the April tax deadline each year, according to the firm’s announcement.
Using the app involves taking a picture of a check with an iPad and sending it into Fidelity for deposit into an IRA account.
Fidelity has had a mobile check deposit app for non-retirement accounts available for iPhones since May 2011.
