7 Ways to Get the Most out of Online and Mobile Banking

Online and mobile banking continue to see increased adoption from consumers, and for good reason, as they provide quite a few tools to help you more efficiently manage your finances.

From helping you budget and track your spending to paying bills and transferring funds, there are quite a few options within your online and mobile banking.

Here are seven ways to get the most out of your online and mobile banking.

Tracking Spending

Tracking your expenses regularly plays a key role in ensuring your budget doesn’t fall into a deficit, and that has never been easier thanks to online and mobile banking. You can view your current account balances and transactions in real-time all in one place, which can help identify areas where you’re overspending to revamp your budget accordingly.

Account Alerts

Consumers lost $8.8 billion to fraud in 2022, according to the Federal Trade Commission, underscoring the importance of closely monitoring your accounts. With account alerts, you can set up text or email alerts for account and debit/credit card activity, bill pay and security information to always stay informed.

Card Controls

If you’ve ever lost or misplaced a debit or credit card, you know how scary it can feel. With card controls, you can easily lock or unlock your cards as needed, as well as control where you card can be used and receive instant transaction alerts.

Leveraging your bank’s mobile app can also provide added security by utilizing biometric data like facial recognition for login as well as two-factor authentication.

Deposits and Transfers

Depositing and transferring funds has never been easier thanks to online and mobile banking and can help save you a few trips to the bank. With mobile deposits, you can deposit checks anytime, anywhere through your mobile app. You can also set up one-time or recurring transfers to help make moving your funds a breeze.

Bill Pay

With bill pay, you can safely and securely pay your various bills without needing to write a check or login to multiple biller websites. This can help reduce the risk of your checks being stolen or lost in the mail. Auto-payments and bill pay alerts can also be set up, and you can update payee information as needed.

Peer-to-Peer and Digital Payments

Whether you’re paying back a friend for a meal or sending a gift to a loved one, peer-to-peer (P2P) payments like Zelle^® can make sending money to those you know and trust fast and seamless. Regardless of which P2P platform you use, sending a small test transaction first to verify your intended recipient received it is always a good idea.

Digital payment options like Samsung Pay can also be set up using your debit or credit card to make checking out quick and convenient, whether you’re in the store, online or shopping in an app.

Account Statements

With online and mobile banking, you can eliminate the need for paper statements, if you choose, by enrolling in e-statements. This provides a simple way to receive your monthly statements, tax documents, check images and more all in one place, without having to wait for the mail.

Online and mobile banking provide a host of benefits for consumers to leverage. With these tools at your disposal, you can streamline your finances, add layers of security and more to help you achieve your financial goals.