Embrace Mobile Banking for Financial Security

Young woman takes a picture of her check to use mobile check deposit through her BluPeak mobile banking so she can reach her financial goals.

It seems mind-boggling now, but it was only a few years ago that some people (don’t worry, we’re not naming names) were thinking mobile banking was niche, a novelty, but nothing “grownups” would take seriously. And now? Earlier this year, Forbes magazine reported that as of 2022 78% of American say they prefer to do their banking via mobile app or website.

We always kind of expected mobile banking to be a big deal, and we’re thrilled that so many members are making BluPeak’s app their go-to, because the features have just gotten better and better over the years. Now, we think it’s a must for anybody who’s really serious about careful money management and financial security.

Track transactions anytime, from anywhere.

One of our favorite mobile banking benefits is that you can monitor your transactions 24/7, from anywhere. Away on business? No problem. Can’t get around to checking the app until midnight? Hi, we’re still here. On vacay? You’ve still got your device handy (natch!), so you can continue to check on your accounts regularly. It’s one of the best ways to prevent costly overdrafts, as well as identify suspicious transactions and stop potential fraud before it wrecks your financial life.

Get alerts. For pretty much everything.

We’ve got a whole blog post all about Securing Your Finances with Alerts, so be sure to check it out, because account alerts are among the key benefits of mobile banking. For now, let’s just say that alerts can be a really effective security measure, tipping you off to possible fraudulent or otherwise unusual activity that could drain your account. One particular type of alert – the low balance alert — can also be a big money-saver, by reminding you to replenish the funds in your account so you can avoid overdraft fees.

Split the bill.

We get it: cash is annoyingly inconvenient, and it’s also not super-safe to be walking around with a lot of it or even keeping much at home. And while many restaurants and other merchants are adopting technologies that make it easier for groups to split a check and pay individually, there are still plenty of times when that’s just not practical.

With BluPeak’s mobile app, you can use Zelle® to send or receive funds directly from the mobile app. The transactions typically go through almost immediately, so you don’t have to try to remember what might be pending and what’s already cleared. That’s one less possible source of accidental overdrafts that can really ding your budget.

Deposit paper checks.

According to a recent article in the Washington Post, it’s not just your imagination: hardly anybody uses paper checks anymore. While members are increasingly relying on direct deposit, Zelle® and ACH to have paychecks and other funds deposited into their accounts, paper checks are still a reality for some. If you happen to get one, mobile banking is Convenience Central because it uses the camera on your mobile device to take a picture of the check and enable you to quickly and easily deposit paper checks without having to visit a branch or ATM.

Use Money Management to take control of your financial life.

One of the super-cool benefits you’ll only get with credit union mobile banking is access to our Money Management tool. With Money Management, you can create a budget, track your spending, and set and track your progress toward financial goals like paying down debt and saving up for big purchases, like a car or down payment on a home. It can also provide tips for helping you reach those goals faster and lets you see your complete financial picture, across accounts at different financial institutions.

Want to learn more?

Savvy use of mobile banking is just one of the ways you can reach your financial goals faster by keeping more of your money and avoiding unexpected fees. For more financial tips, visit our Financial Education & Counseling page.

Insured by NCUA. Must meet membership and account criteria. This information is provided for educational purposes only and is not intended to be financial advice. Mobile and data rates apply when using mobile banking. Zelle is a registered trademark of Early Warning Services, LLC.

 

You Might Also Be Interested In

Money-Saving Tips: Start Small to Save Big

Learning how to save money and making a few changes to your daily life can help your savings grow and put you on the path to achieving your dreams – whatever they may be. Read More

3 Must-Have Money Management Tools to Save You Time

In one way or another, you probably think about money every day. Do you ever find yourself thinking “I’ll never find time to take this check to a branch” or “Did I run out of stamps AGAIN?” Read More

Starting Conversations with Your Kids About Saving

Give them the guidance you wish your parents would’ve shared with you and teach your kids to be savers. It’s the gift that keeps on giving—or compounding! Read More