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5 Tips for Selecting the Best Banking App for You

Set up accounts with your favorite banks that you trust

Most banks around the world have dedicated banking apps, so you can easily manage your account and do all your banking right on your phone. So, if you already own an account with a bank like Bank of America, REI US Bank, Wells Fargo, Bank of the West, Chase Bank, Citibank or Sallie Mae, then you’ll want to use their exclusive app to get 24/7 access to your account.

If you are thinking of opening an additional savings account or checking account with your bank, there is no need to visit your local bank. Many bank apps now offer in-app features that let you set up your new account right from your phone.

Banks also compete by offering unique bargains like savings accounts with high interest rates and zero fees. By downloading a banking app with your favorite bank, you can also access other services they may offer, like managing your credit card and mortgage accounts or handling your business transactions.

Whether you own bank accounts in one bank or multiple banks, having their apps on your phone will also let you access important account information like your routing number or bank statement when you need it. Don’t worry. All your information is kept safe with password protection!

If you want to take out cash at your bank’s ATM but don’t know where to find one, you can easily view nearby ATM locations directly from your bank’s app. You can also contact your bank’s customer service straight from the app if you have problems with your debit card pin number. No need to make a phone call!

Compare accounts to make the most of your money

Banks usually offer different types of savings and checking accounts. If you are planning on opening a new account, you’ll want a banking app that lets you compare interest rates, fees, minimum balances, and other conditions. Online account comparison tools will enable you to quickly evaluate options, so you can easily make the best decision.

For anyone who wants to make the most of your money, you might prefer an app that lets you compare account options. By having all the information, you need at your fingertips you can easily find the best option to obtain high yield from your money.

Give yourself options & bank for both big & small businesses

Do you handle business payments on a regular basis? A banking app with dedicated features for managing your business’ finances can enable you to take care of payroll, monitor cash flow, and more on-the-go.

Whether you own a large or small business, business payment transactions usually need to be taken care of quickly. If you are out of the office, this could pose a problem as sometimes a payment simply cannot wait. A banking app with business tools will let you process any transaction regardless of where you are, so your business keeps running smoothly.

For those of you looking for an easy way to manage your business’ finances, you may benefit the most by using a banking app with payroll tools, card controls, transaction alerts, and other specialized tools. Unfamiliar with how to use some of the features? Instantly view a PDF file with an introduction to business banking so you can take care of your business payments like a pro.

If more than one person has access to its banking services, you can ensure your business banking remains secure by using sub-user management tools and advanced security features like token authentication and fraud detection. With a dedicated business banking app, you will handle all your business payments quickly and securely!

Access your money around the world for extra convenience

Are you traveling or going on a trip soon? Accessing your money while you are away from home is crucial, so you want to make sure your banking app gives you complete control over your money wherever you are.

Banks will typically block your debit or credit cards if they detect that they are being used outside of your home city. If you are going to travel soon within the US or overseas, you’ll want a banking app that lets you set travel notices, so you can continue using your cards without any issues.

For those of you who are out of town and need to find a bank near you, you’ll want a banking app that uses your GPS location to tell you where the closest banks are. So, whether you are on a business trip in Texas or vacationing in India, you’ll easily locate a bank when you need it.

Keeping track of expenses is crucial while traveling, the last thing you want to do is to run out of money in the middle of the trip! Keeping a worldwide banking app at your fingertips will let you monitor your checking account, savings account, and credit card expenses whether you are at the airport, hotel or the beach.

Stay informed by learning important banking terms

When it comes to managing money, it seems like there is an entire universe of specialized words and functions that you don’t learn about growing up. Unless you work at the bank or studied finance, it is easy to be overwhelmed.

For those of you who are not familiar with banking terminology, a banking app with a tutorial or a help feature can be a great way to get started. With banking definitions at your fingertips, you will always be sure about any transaction you make.

If you are unsure about what type of bank account you should open, you might prefer an app where you can instantly chat with customer service. They will be more than eager to help you understand the different types of accounts, so you can be confident in your choice.

Whether you are considering investment options, or you are confused about a new banking tool, using a banking app with a help feature will enable you to learn everything you need to know. No need to study the history of banking or major in finance to get all your banking done!

Now you know everything you should consider about banking apps before you make your final choice. So, go ahead and check out our Best 10 Banking Apps!

  • Save, invest, and manage your money with smart financial tools.

    4.3 Ratings 54K+ Reviews 1M+ Downloads
    Free
    Free

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  • Bank, Budget, and Save Money with Simple.

    4.4 Ratings 35K+ Reviews 500K+ Downloads
    Free
    Free

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  • Mobile bank account with no monthly fees, auto savings & direct deposit

    4.7 Ratings 76K+ Reviews 1M+ Downloads
    Free
    Free

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  • Banking with no hidden fees, fee-free overdraft, and early payday.

    4.7 Ratings 516K+ Reviews 5M+ Downloads
    Free
    Free

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  • Our Chase Mobile App makes it easy for you to bank on the go 24/7.

    4.4 Ratings 2M+ Reviews 10M+ Downloads
    Free

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  • Get Paid up to 2 Days Faster with Direct Deposit

    4.7 Ratings 146K+ Reviews 1M+ Downloads
    Free
    Free

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  • Bank smarter wherever you are with the BankMobile app!

    4.4 Ratings 29K+ Reviews 1M+ Downloads
    Free
    Free

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  • Managing your money just got easier. Get the new Mobile app.

    4.7 Ratings 1M+ Reviews 5M+ Downloads
    Free
    Free

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