61% of the population does their banking online. However, you may not have taken the plunge and gone all in just yet. In this article, we’ll cover how online/mobile banking works, how you can use it, and all the benefits it has to offer.
What is online/mobile banking?
Online/mobile banking allows you to conduct simple banking remotely from your own smartphone, computer, or mobile device. Online/mobile banking usually comes in the form of an app created by a traditional brick and mortar bank for their account holders. These apps are usually free to download and give users more control over their finances while they are away from the bank itself.
Sounds promising! What are some of the benefits?
Online/mobile banking have a lot of perks, here are some of the most notable:
- More Mobility, More Autonomy, & More Access
With online/mobile banking, you can virtually carry your bank with you everywhere you go. Whether it’s on your phone, tablet, or your desktop at home, your bank is always at your fingertips. You don’t have to worry about lines, and you can access your money any time you want. You can also…
-Check balances on checking accounts, savings accounts, and loans
-View your transaction history
-Easily transfer funds
-Virtually deposit checks
-Set up single & automatic payments
…whenever you want, wherever you want.
- No People? No Problem!
Don’t have time to go to the bank? Sick? Don’t want to talk to people today? Online/ mobile banking is completely autonomous, so you can “go to the bank” without interacting with a single person.
- Save Money & The Planet!
A lot goes into banking; time, money, attention, and so much paper. From account balances to forms and applications, banks go through literal tons of paper every year. Luckily, online/mobile banking gives users the option to receive e-statements instead of traditional bank statements through the mail. Money may not grow on trees, but paper does, and eliminating even a few pieces of paper by receiving e-statements can make a big difference. Online banking is a greener option for Eco-conscious customers who want to save two kinds of green while they bank, their money and the planet!
How do I know if online/mobile banking is right for me?
Only you can answer that question, but all things considered, we think that online banking is a pretty sweet deal. If you’d like to learn more about mobile & online banking offered by Liberty, just follow the link below!