SOURCE: BofI Federal Bank

BofI Federal Bank

March 05, 2012 09:30 ET

BofI Federal Bank Launches Mobile Check Deposit App in Latest Advance of Mobile Banking Platform

SAN DIEGO, CA--(Marketwire - Mar 5, 2012) - BofI Federal Bank (NASDAQ: BOFI) announced today the expansion of its mobile banking platform with the introduction of its new Mobile Deposit App that enables anytime, anywhere deposits of checks using an iPhone or Android™ phone. Mobile Check Deposits is the latest addition to the BofI Federal Bank Mobile Banking Platform, launched in 2011.

BofI Federal Bank's Mobile Deposit App is fast and secure, allowing customers to safely deposit checks right into their online bank account by taking a picture of the front and back of an endorsed check with just a few taps and camera clicks. The Mobile App can be downloaded for free via the iTunes® or iPhone App Store and Android™ users can download the free application via the Android™ Market by simply searching for any one of the following brands: BofI Federal Bank, Bank of Internet USA or UFB Direct.

"Enhancing our Mobile Banking platform across BofI Federal Bank's brands and affinities is yet another example of our commitment to exceptional service and enables our customers to quickly and securely deposit checks 24/7 making it easier to fulfill everyday banking needs," said Greg Garrabrants, President and Chief Executive Officer of BofI Federal Bank. "Clearly, more and more customers appreciate the convenience of mobile banking and we are glad to offer these advanced services."

About BofI Holding, Inc.

BofI Holding, Inc. is the holding company for BofI Federal Bank, a nationwide branchless bank that provides financing for single and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. With over $2.2 billion in assets, BofI Federal Bank provides consumer and business banking products through its low-cost distribution channels and affinity partners. BofI Holding, Inc.'s common stock is listed on the NASDAQ Global Select Market under the symbol "BOFI" and is a component of the Russell 3000 Index.

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