FINANCE
4 Reasons Why You Should Use Mobile Banking
EXPECTED READ TIME: 3 MINUTES
If you’ve never considered using your smartphone to manage your accounts, it’s time to catch up on some great benefits. Sure it means downloading one more app and creating an account, but once you’re set up, you’ll probably be reaching for your phone a lot more often than your computer.
Not convinced? Let’s run down a few reasons why you should use mobile banking.
1. Drive Less With Mobile Deposits
Mobile banking makes it possible to deposit checks right from your smartphone — and it’s easier than you think. Mobile deposit eliminates the hassle of visiting your ATM or local branch in person. It also allows you to access your accounts 24/7. With a mobile banking app, there is no waiting around to deposit money.
With a mobile banking app, there is no waiting around to deposit money.
2. Move Money Faster
With mobile banking, when you are on the go, you are no longer tied to a home computer, a nearby ATM, or local branch for basic banking needs. It’s easy to do things like double check balances, pay bills, or shuffle funds from one account to another. You can even manage multiple accounts from the same app. Staying on top of your finances is as easy as picking up your phone.
You are no longer tied to a home computer, nearby ATM, or local branch.
3. Secure Transactions
You might assume that mobile banking apps are somehow less secure than logging in with a computer or visiting an ATM or local branch, but the password and security systems used by mobile banking apps are solid and proven.
Even though mobile banking has been proven to be secure, you can take security in your own hands. For example, utilize two-factor authentication or biometrics when possible and avoid public Wi-Fi.
The password and security systems used by mobile banking apps are solid and proven.
4. Fee-free Account Management
Some banks charge fees to access your money at the branch or electronically, but mobile banking apps remain free. Downloads, texts, and data use might incur fees from your phone provider, so make sure you know what your plan covers before using a mobile banking app extensively.
Some banks charge fees to access your money at the branch or electronically, but mobile banking apps remain free.
What Can I Do with the PenFed Mobile App?
You can use PenFed’s mobile banking app to:
- Deposit checks
- Check balances and account transaction details
- Check the status of loan or credit card applications
- Make payments to a PenFed loan, mortgage, or credit card account
- Transfer funds or schedule recurring transfers between PenFed accounts or accounts at other financial institutions
- Create travel notification alerts for all PenFed credit and debit card accounts
The Takeaway
Mobile banking can help you stay on top of your finances better than ever. From checking your balance in line at the grocery store to paying bills on-the-go, you’ll love the convenience and customization of free mobile banking.
Download the PenFed Mobile App Now
Discover the security and convenience of mobile banking today.
