No doubt, you are on the run more than you used to be. The kids are older, or gone, and no longer need your constant presence. But that’s OK, because you are putting that extra time to good use. Maybe you are traveling more, or perhaps you’ve become further involved in your community.
Whatever the reason, you are on the go more, and the last thing that should be slowing you down is the need to swing by a building to do your banking. You want to manage your finances on your terms and your schedule.
You need a bank that’s available on the go, like you. All it takes is a mobile device – almost any cellphone will do – and you can put mobile banking to work for you. Mobile banking fits into your lifestyle because it’s:
- Convenient. You’re no longer dependent on making it to the bank at a certain time. Your mobile bank is ready when you are, whether it’s transferring money, checking an account balance or paying the bills. Now you can put the bank on your schedule.
- Secure. There are bank safeguards to protect your finances and your identity, plus mobile banking allows you to check on your accounts anytime. There are fewer surprises, as customers can check their balances and transactions anytime. The more you monitor your account, the safer you are. Mobile banking lets you have control over your money.
- Family Friendly. There’s no reason for just one person to shoulder the burden of handling a family’s finances. Mobile banking makes is easy for couples to share banking responsibilities and know the exact state of your finances at any given time.
- Helpful. You can use mobile banking to setup automatic payments to take place so your bills are paid on time, even when you’re out-of-town. This helps maintain your credit rating as well, another important benefit.
- Free. Currently, most banks do not charge for mobile banking (depending on your mobile service option, you may need to have a data plan service for your phone, check with your bank for details)
An estimated 45 million people will be using mobile banking services by 2014, according to Frost & Sullivan, a research firm. While most of that activity is centered around checking accounts and money transfers, services such mobile wallet and person-to-person payments are expected to grow, particularly as concerns regarding the security of those payments are addressed, according to a 2012 Federal Reserve study of mobile banking trends.
There are a variety of delivery channels for mobile banking. Whether it’s a simple, text-based service, or the latest app for smartphones, your community banker can provide you information on the programs they have available.
After all, your life is mobile. Your bank should be, too.