Banking technology has evolved immensely over the years.
What once began in the 1980’s with dial-up services to access accounts on your home computer has developed into the extensive, and somewhat essential, online and mobile banking we use today.
Online Banking refers to transactions conducted through a financial institution’s website via a web browser on any device with an internet connection (for example– a computer, tablet, or smartphone). With online banking, you do not need to download an application which is why it’s a simple, but popular, option for many.
Mobile Banking is typically conducted through a financial institution’s mobile app, however, many Financial Institutions also offer some mobile banking capabilities through SMS texts.
Online and Mobile banking is convenient for those who want to manage their finances from home or on-the-go. Both provide:
- Account Information
- Transaction History
- Fund Transfers
- Bill Pay
- Card Management
- Budgeting Tools
- and more!
Online Banking and Mobile Banking offer similar tools and features to keep your banking experience easy and convenient. If you’re new to online or mobile banking here are a few of the features you should consider setting up and using right away.
- Text Alerts
For those who don’t have a smartphone, text alerts allow credit union members to receive notifications directly to their phone with an SMS text when large deposits or large withdrawals are made, weekly account balance updates, or when their account balance falls below a specific amount, to name a few. To sign up for these notifications, log into your online banking account (on your computer) and enter your phone number.
- Remote Deposit Capture
Through your financial institution’s mobile app, you can use remote deposit capture to deposit a check without stepping foot into a branch. RDC typically only takes a minute or two which makes it a popular option for those with busy lifestyles. If you don’t have a smartphone, you can still deposit checks from home through your online banking account using a scanner. WATCH: How to Deposit Checks With Your Phone.
- Push Notifications
Similar to text alerts, push notifications can be enabled to alert you when specific actions occur on your account. These can include spending transaction notifications, low balances, large deposits, large withdrawals, etc. To enable push notifications, log into your bank or credit union’s mobile app and toggle these notifications on.
Both mobile and online banking allow you to manage your money in ways that work best for you. If you haven’t created your online or mobile banking account yet, what are you waiting for? Take control of your finances today!
