With today’s technology, it’s possible to take care of many of your banking needs on your own time. Online and mobile banking allow customers to stay on top of their finances from the comfort of their own home, or even on the go. But that’s not the only advantage. Here are some of the biggest benefits of online and mobile banking.
It’s Safe. In fact, online and mobile banking are now considered safer than paper banking for a few different reasons. Estatements can be delivered through a secure online system which eliminates the chance for someone to intercept a statement in the mail. Not only are these statements fast and easy, they’re also a great way to reduce clutter as they can be saved in a digital folder for future access.
Another security feature that comes with online and mobile banking is password protection. It’s important to create a strong password and never share it with anyone. If you do your banking through the mobile app, there’s a fingerprint ID feature that you can also enable as part of a Multifactor Authentication. And most online browsers are encrypted with leading-edge technology to keep account information secure.
It’s Responsive. If you activate your device for mobile banking, you automatically have access to text banking, which means you can send and receive text alerts. All you have to do is text a certain code and account information will be texted to you in seconds.
There are also push alerts, which give you instant notification of account details. Push alerts also help protect you from overdrafts since you can sign up to get an alert when your account drops below a balance of your choosing. You will also be alerted of suspicious activity with a push alert letting you know if someone has tried changing your password or logging in on a different device.
It’s Fast. With online and mobile banking you have the ability to more closely monitor your activity. This means that instead of waiting for a monthly statement, you can log-on at any time to identify errors, check balances, transfer money, or catch potential fraud. And all of this can be done at any time of the day or week; no waiting until statements are mailed to you.
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