dmitrinekol
Active member
Do you do all your banking the old-fashioned way — at the bank? Sure, you can stand in line every time you need to deposit a check, but there’s an easier way. Why not use a banking app and carry your banking information on your device 24/7? We’ve done the heavy lifting for you, so check out our research on the best banking apps and all the best features for each one.
Best Banking Apps:
- Credit Karma
- MoneyLion
- Chime
- Chase Bank
- Wells Fargo
- PNC
- Discover
- Ally Bank
Why Use a Banking App?
The thought of downloading one more app may sound daunting, but think of the advantages a banking app can offer — they’re great for tracking deposits, bill payments and checks. Here are some reasons they’re a great idea, just in case you’re on the fence.
Convenience
Chances are, you’re already signed up for online banking — even if you don’t have a banking app yet. Using an app means you won’t have to go through the extra steps of logging into your computer and accessing your online banking account. You can simply tap the app, and if your login information is saved, you’ll be automatically logged in. If you need to transfer funds from one bank account to another, a banking app makes that transaction easy.
Fast
Using a bank app will save you time, especially with bill pay options at your fingertips. Imagine paying your home insurance bill in just a few seconds.
You won’t have to drop a check in the mail and mail it 5 to 7 days ahead of time. If your car payment is due on the 15th of the month, you can pay it on the 14th or 15th instantly and know that your payment won’t be late.
Secure
Banking institutions are federally insured, so all banking products, including banking apps, are as well. This means you shouldn’t have any worries about identity theft or other security issues. If a security breach occurs or your account is compromised, you’ll be reimbursed after notifying your bank, filling out forms and providing appropriate support documentation.
Watch out for fake mobile banking apps that mimic major apps. Here are a few ways to be sure you’re downloading the real thing:
- Use trusted sources like Google Play Store and Apple’s App Store.
- If you’re unsure or something doesn’t look right about the app’s site, call the customer service number and ask questions.
- Use two-factor authentication if it’s available and be sure to install strong virus protection to guard against malware.
Free
Most banks don’t charge a fee for mobile apps, so if there’s no extra cost, why not give it a try? If you don’t like it, you can always remove the app from your smartphone or another mobile device.