Banks aren’t open 24/7, but banking apps are always available. Banking apps give users full access to an account whenever it is convenient and from any location that has an internet connection.
To do mobile banking, you must have an account with the bank and either download the app or use the bank’s website. Set up for each bank will have differences, but it only takes a few minutes to create an account regardless of which bank you choose. Follow the simple instructions provided on the banks’ website. Working from the banks’ website is possible, but to get the most out of mobile banking, download the app to your phone. Most banks can be found at the app store on iPhone or google play on Android, or they will text a link to the app to your phone after you set up an account.
There is usually no cost associated with downloading or using mobile banking apps, but when downloading any app, be sure to confirm it’s free.
Banking apps are serious about security and are designed to protect your financial information. Most apps force you to set up a strong password to access your account or require two-factor authentication. For added security, users are logged out of the app after a period of inactivity.
Security experts also recommended mobile banking users or those with sensitive financial or personal information on their phones set a device password. Whether it’s a simple pin code or more advanced security features like Touch ID or Facial recognition (Face ID), these methods safeguard your information so that the thieves can’t gain access to personal information if a device is lost or stolen.