A wide range exists when comparing average mobile deposit size across financial institutions, whichreflects the range of deposit limits at banks and credit unions,according to the Austin, Texas-based Malauzai.

The mobile and internet banking provider's Monkey Insightslittle data report, which takes big data and breaks it up intodigestible factoids, includes data gathered from 385-plus creditunions and banks. The report, which covers 8.95 million logins from465,000 active internet and mobile banking users, highlightedcomparison data for money movement statistics in August totaling$417 million and 730,000 money movement transactions.

While the data varies in the value of checks deposited andaverage value of transfers, Malauzai emphasized these mobile and internet offerings are crucial for consumer moneymovements.

“As users rely on mobile and internet banking tools, financialinstitutions should continue providing unique money management andbill pay options across devices,” the report stated.

Another interesting note is that average values of Malauzai'sPicture Pay, which allows users to pay a bill simply by snapping aphoto of it with a mobile device, have surpassed traditional billpay's average values.

Here are the findings:

• The average value of a mobile check deposit was $598.50. Thehighest average for consumer deposits was $15,554. The secondhighest average was $12,744 (the business high was $22,450). Threepercent of financial institutions had deposit averages greater than$3,000. Twelve percent had an average value of $1,000 or greater,and $167 was the lowest average deposit value. Four percent had anaverage deposit value below $250.
• Internal transfers' average value also varied acrossinstitutions. The average value in August was $507 and end-usersmade an average of four transfers per month. The highest averageconsumer internal transfer was $3,856. The highest average businessinternal transfer was $90,103. Three percent of financialinstitutions had an average transfer value greater than $2,000. Thelowest average transfer overall was $119. Four percent had transferaverages of less than $200.
• The average value of Picture Pay varied less across financialinstitutions. The average value in August was $366. The highestaverage value was $1,448; the second highest was $804. No otherfinancial institutions were above $600, with the next highestaverage coming in at $582. The lowest average value was $59.77.More interesting than the variance among financial institutions wasthe difference by platform for average value: Android = $236,iPhone = $317, iPad = $364, WebApps (internet banking desktop apps)= $470.
• The average value of traditional bill pay was $308, which waslower than Picture Bill Pay. As with Picture Bill Pay, there wasnot a wide variance when comparing averages across financialinstitutions. The highest value was $692 and the lowest was$141.