These days everyone is looking for ways to make their daily activities both convenient and easy. This is one of the reasons that online and app-based banking has become so popular. Although there are uses for traditional banks in most people’s financial activities, these modern options make it possible to conduct transactions remotely. In fact, when you have these online and app bank accounts all you need is your mobile device. These can be used for deposits, purchases, and various other activities.
Along with offering customers to monitor and use their accounts efficiently, there are additional benefits associated with app-based bank accounts and online bank accounts. You can have access to your money no matter where you are and the ability to monitor payments. These are useful for business owners and sales employees who often work outside of traditional offices. Having this access makes it easy to view statements and handle different financial tasks with your phone or notepad device.
Many financial experts say that app-based banking is the future of banking because of the convenience it offers to customers as they travel globally. These are accounts in some cases that exist in app form and not a traditional account. This type of banking along with the various online options that are offered through banks, credit unions, and other institutions are being utilized around the world. According to Bruc Bond, this is a good way to manage personal and business finances critically on a regular basis.
Here are some of the Best Online and App Bank Accounts:
One of the benefits that M&T Bank offers to new customers is $250 and an array of online banking options. Electronic statements are available with the touch of a button, as well as, the ability to use Zelle. Customers can easily take care of all of their deposits and payments by using smartphones, laptops, and other mobile devices.
Included in the list of some of the most popular of these accounts is PNC Bank with its Virtual Wallet option. Using the bank’s app allows customers to handle a variety of transactions and activities. Starting this type of FDIC insured account can be done for $25 in a traditional bank but for $0 with an online account. Customers get the chance to use this for these types of transactions:
- Monitor Long-Term Savings
- Deposit to Short-Term Savings
- Review Primary Checking Activities
Discover is an FDIC insured bank that provides its customers with app-based banking, as well as, numerous ways to use online banking. You can choose how and where to access your different accounts at any time. Monthly debit transactions of up to $3K offer 1% cashback benefits to account users. There are 60+K ATMs in the US, no fees and no minimum balances for these accounts.
BBVA Bank promotes the many benefits of their online banking accounts to customers who need mobile access to their finances. These FDIC insured accounts can be opened for $25 and have no monthly service charges. Along with being able to conduct transactions, the online customers will be able to use any of the thousands of ATMs in the US with these accounts. Here are a few other ways to use the bank’s app:
- Mobile Banking Transactions
- Account Deposits
- Mobile Bill Pay Options
Pen Fed Credit Union
Federally insured through the NCUA, Pen Fed provides its customers with online banking accounts and mobile banking with its app. This bank helps users to make deposits and pay bills conveniently. With the use of the Digital Wallet, your location to a physical bank doesn’t matter. It is possible to manage one or multiple accounts from work or while taking a trip.
The top three reasons that consumers use online banking and app-based banking include more than the obvious of being able to view accounts while on-the-go. Security, convenience, and control are the most important to these account users. It doesn’t matter whether you are at work or traveling. The majority of your banking tasks can be done from your individual location.