Nearly every service industry today has digitized their products—you can book appointments, order food for delivery, or even find local expert services via apps. You can also do all your banking through apps, making it easy to manage money transfers, schedule payments and pay bills.
Here are some of the different ways you can do banking through apps.
Banking apps are extremely helpful when it comes to paying recurring bills. For example, many banking apps have features that allow you to set up automatic payments at your convenience. With these features, you can conveniently track your bill payments from your phone or other device. This prevents you from missing any bill payments while also reminding you of upcoming payments. Some banking apps also offer the service to send physical payments to a specific address without you having to physically mail the payments.
Organizing Your Money
If you have multiple accounts at different banks, banking apps can help you to organize these accounts based on your preference. For example, you can track your savings goals at your different savings accounts. You can also track spending and view monthly statements online, without having to call the bank to request a statement.
Banking through apps also allows you to activate credit or debit cards without having to call the bank. These banking apps are also secured and can notify you in case of any suspicious activity on your account. This provides you with secure control of your accounts with a ready-to-access mobile device at any time of day.
Easy Access to Bank Products
Some banking apps also provide customers with additional banking products such as financial advising, loans, investment options, car buying services and many more services. These products are helpful because they reduce the amount of time you would have spent at the bank for what should have been a quick transaction.
These banking products are also tailored to your personal needs, allowing you the flexibility of making financial decisions in the comfort of your home at your own leisure. Since your bank accounts are consolidated in one place, it makes it easy to complete transactions for other banking products such as opening new accounts or transferring money to investment accounts.
One of the most convenient features of banking using apps is the ease of transferring money both domestically and internationally. With a banking app, you can send or transfer money through Western Union, PayPal, or MoneyGram. Prior to the digitalization of these services, you would have to go to a physical money transfer agent to send money. However, you can now complete these transfers from the comfort of your home via a mobile app.
Doing all your banking through apps can ease the stress of managing several accounts, making recurring payments, or sending money to loved ones overseas. If you are looking to send or transfer money hassle-free, consider using a money transfer banking app that will get your money sent safely and efficiently.