The next generation of tools to manage your money includes a host of mobile banking options. Mobile banking is still relatively new in the banking world, but it’s quickly gaining popularity for its security, accessibility and more. It’s not hard to see why mobile banking is becoming so popular once you start exploring some of its benefits.
Mobile banking gives you the option of accessing your accounts by using your mobile device. This allows you to check your balances, get banking alerts, and see cleared transactions using an application downloaded to your smartphone.
Mobile banking tools from Partners Financial FCU, for example, give you the ability to initiate transfers and set up bill payments, and more right from your phone.
Although mobile banking might seem to be a less secure way to handle your finances, it’s actually one of the safer methods. One reason for this is that there are so many different platforms for mobile devices that creating malware to infect a sizeable number of them is not technically feasible.
Even in the event that your phone is lost, you’re likely to still be safe because your data is password-protected and subject to other identification checks. Most phones can even be disabled or reset to factory settings remotely, adding another layer of protection.
Mobile banking has a number of excellent benefits, but one of the most valuable is real-time monitoring of your accounts, no matter where you may be. With the ever-growing problem of identity theft, it’s more important than ever to keep track of what’s going on in your financial life.
Most cases of identity theft can be caught by people looking at their own accounts and noticing unusual activity; credit monitoring services or identity theft protection programs may not help as much as you think.
Mobile banking has made it possible to have an active role in monitoring your financial accounts, 24 hours a day, 7 days a week; from anywhere your mobile device can be used.
All of the features available in mobile banking applications make them extremely useful. Unfortunately for most mobile banking apps, the tools available represent only a small portion of the functionality of online banking platforms.
On the upside, the growth of popularity in mobile banking means that improvements are always being added. New tools become available and new platforms are introduced on a regular basis, so even if your device can’t handle your financial institution’s mobile banking app, it’s only a matter of time before an upgrade or new configuration will allow you to join the mobile banking revolution.
Mobile banking is an effective tool for staying on top of your financial accounts, but when your financial institution has local locations, it can be even more useful. Partners Financial FCU makes mobile banking part of a suite of tools available to members for keeping their finances in good order.
The mobile banking app be used to:
The tools offered to keep you in control are comprehensive and thorough, and create an overall approach to a healthy financial future. Anytime there’s a question about your account, mobile banking tools, or anything else, there’s a location nearby to help you work through it.
A credit union is much more than just a financial institution; it’s a part of the community where you live. At Partners Financial FCU, you can benefit from family memberships, low interest rates on loans, high interest rates on savings accounts, and local service and decision-making that can take more into account than just the numbers on a loan application.
Along with mobile banking and online tools, Partners Financial FCU provides excellent service and everything else you need to make the most of your finances.