Mobile Banking
Mobile Banking, also known as Online Banking, is the act of making financial transactions using your mobile device. It could be anything from your bank sending you alert messages to using an app to schedule bill payments. While Mobile Banking does have its limits and its own security concerns it allows you to manage your money anytime and anywhere.
Most banks now have apps that allow you to manage your account from your phone which allows you to:
- Deposit a check
- Pay for merchandise
- Schedule reoccurring payments
- Transfer money between accounts
- Transfer money to other people
- Find an ATM
- Take advantage of tools for budgeting and saving
