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Today, nearly everything can be done from your smartphone with your banks mobile app.
Deposit Checks
Between work and everything else, most of us have extremely busy lives.
Simply endorse the check like normal, load your banks app and snap a photo of both sides.
Depending on the time of day, the funds are usually available the same day or the next day.
This isnt as common anymore, but its still important to understand whats going on with your account.
you could even set up an alert if your balance falls below a certain amount.
This is helpful to confirm you dont accidentally overdraft your account.
Most banking apps will also provide you with actionable tips to help you improve your score.
Plus, you will also receive credit monitoring alerts through the FICO feature with many banking apps.
That means if anything happens that affects your score, youll receive a notice.
This could be anything from an increase or a decrease in your balance to a new account being opened.
Credit monitoring is a great way to spot potential identity theft.
The last thing anybody wants to do is pay extra just to make a bill payment.
For example, Bank of America customers can access BankAmeriDeals.
This allows you to opt in to certain cash-back opportunities when you use your debit card at select merchants.
Automatically Save
Some banks will allow you to manage your money with much less effort.
Eventually, you were able to do it online from a computer.
Today, you’re able to set up automatic savings right from your mobile app.
However, some banks even allow you to round up your purchases and have that amount moved to savings.
All of these can be managed from your banks mobile app.
Budget
Understanding where youre spending your money each month is a vital part of money management.
Many banking apps now have built-in budgeting tools that give you monthly spending and income visibility.
you’ve got the option to use this information to spend your money more efficiently.
But wouldnt it be easier to do everything from your banks app instead?
Once the transfer is made, the transaction will automatically appear in your bank account transactions.
Take Advantage of These Features
Managing your money used to be a time-consuming process.
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