The rapid adoption of mobile devices has introduced a whole new way for consumers to bank without visiting a branch. Now there are useful mobile banking features that let you bank on-the-go from wherever you are able to obtain an Internet connection.
Bank customers who don’t have feature-packed mobile phones may be able to use text banking to find out information about their accounts. Typically, text banking allows customers to check account balances and review recent account history.
If you have a mobile phone that is only capable of browsing websites, there may be a mobile-ready website that will function similar to the bank’s regular website. The common features that are available through online banking is likely to also be available through the mobile-ready website. However, expect some services to be inaccessible through the mobile website.
The increasingly popular method of banking is through native mobile applications that are developed for certain mobile platforms.
Mobile banking apps often contain a custom-designed interface that allows bank customers to navigate a suite of features. Most barebone banking apps will let you check your accounts balances, view transaction activity and perform bank transfers. Also, they tend to provide a branch and ATM locator — with the use of your phone’s GPS technology — that makes it easy for you to locate a nearby bank location.
Depending on the bank, there are other convenient features in mobile banking apps.
Bill-payment service may be offered on the mobile apps, and it acts just like online bill pay. If your bank provides the ability to send P2P payments, you may so find that service on the mobile apps.
A highly-demanded mobile banking feature is mobile check deposit, which is already available at the nation’s largest banks. Mobile check deposit allows customers to deposit a check by using their smartphones to take a photo of the check — saving a trip to the bank. (Some banks are charging a small fee per mobile check deposit.)