It is estimated that 39 percent of adults who have a mobile phone and bank account use mobile banking services. If you have a cell phone and are on the fence about whether using these banking services is right for you, learning about the benefits may help you make a decision. Here are some of the benefits of using mobile banking services.
You Get Up-To-The-Minute Account Information
The days of balancing a checkbook are gone. When you use mobile banking, you can see exactly what is going on with your account, usually in real time. You can see what transactions have recently posted, which are pending and what your exact balance is. You don't have to wonder if your spouse made a purchase and forgot to tell you or if you are account is close to going negative. All of the information is available, right from your cell phone.
You Can Get Discounts for Going Paperless
When you sign up for online banking, including mobile banking, you will have the option of foregoing a traditional monthly paper account summary. Some banks will offer you a slight discount for going this route. It saves them money on paper and the cost of printing and mailing your summary. If every penny makes a difference to your budget, this is a benefit to keep in mind.
Transferring Money is Easy
The last benefit to mobile banking services is that it is easy to transfer money. You can easily transfer money from your checking to savings when you are out and about running errands, put a freeze on your account if you lose your debit card on vacation, or roll over and pay your bank credit card if you remember it is due in the middle of the night. You don't have to worry about going into a bank to transfer money, visiting an ATM or even having a computer handy. All you need is your cell phone, wi-fi access and your bank login info.
Many Americans are using mobile bank services. However, half of those who can still are not. Many people do not realize how beneficial these services are and how easy they can make their lives. If you are thinking about mobile banking services, but are not sure how it can benefit you, take the time to learn about some of the benefits. Being able to track your account in real time, saving money by going paperless and easily making transfers are just a few of the benefits.
Contact a business like FCN Bank to learn more.
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