The pandemic has forced most people to change the way they do things, including their banking. Since March of 2020, more people have discovered online and mobile banking as a fast, easy, and safe way to complete many transactions – without visiting or calling a branch or stopping by an ATM.
According to an Ipsos-Forbes Advisor U.S. Weekly Consumer Confidence Survey, more than 75% of Americans have used their primary bank’s mobile app within the past year for everyday banking tasks like depositing checks or checking account balances. And surprisingly, even those who are less tech savvy learned that these tools aren’t as intimidating as originally thought!
Whether you’re a digital banking rookie, have been banking online for years, or have yet to log in or download the mobile banking app, here are three reasons to skip the line and bank online:
1. Convenience
Online and mobile banking allow you to conduct financial transactions whenever and wherever you are, 24/7/365. Think of the time you’ll save depositing checks, checking balances, transferring funds, and setting up account alerts without going out of your way to visit a branch during business hours.
2. Security
Security is the number one priority for financial institutions. Credit unions and banks take extra precautions to make sure online and mobile banking is secure to protect you and your accounts. For example, mobile apps may offer one or more biometric login options such as facial, fingerprint or voiceprint recognition, just in case you lose your phone. And, if you use a digital wallet like Apple Pay®, it’s safer than using a physical card. The merchant gets a unique, one-time transaction code instead of your account number so even if their data is compromised, your account information is safe.
