Still haven't gone digital with your finances? Today's technology makes managing your finances easier than ever. It's time to stop living in the past and finally embrace the idea of mobile money management. Imagine all the time and energy you could save by switching up your banking habits:
Past: Relying on the branch, ATM or a phone call to check your account balance.
Present: Check your balance wherever you are on your smartphone or tablet. Many financial institutions have mobile apps* that put all your financial management tools in the palm of your hand. If funds are low, you can even transfer money between your accounts or to other individuals.
Past: Keeping all your credit cards crammed in your wallet, and finding yourself out of luck if it ever goes missing.
Present: Move your wallet from your back pocket to the palm of your hands with Apple Pay™ or Google Wallet™. Enroll your credit or debit card on your mobile device, and through the use of near-field communication (NFC), you can pay for purchases simply by holding your phone up to an NFC-capable terminal. The convenience of digital wallets even comes with additional security, protecting your personal information during transactions and allowing you to disable payments if your phone is lost or stolen.
Past: Stacks of receipts keep piling up faster than you can record them.
Present: Use the camera on your phone or tablet, or your scanner to make a permanent record of receipts without taking up space in your home. Plus, it's far easier to search for receipts you need in digital form than it is in a stack full of papers. More and more stores are getting into the digital game, too, offering to email rather than print you a receipt.
Past: Managing years' worth of paper copies of your bank statements just in case you need to revisit one.
Present: Rather than getting paper statements every month, opt into e-Statements. They're more secure than traditional paper statements since they don't travel to your mailbox. Plus, they can be accessed from anywhere. Some financial institutions like Navy Federal keep statements online for 36 months past the statement date.
Past: Driving aimlessly in search of an ATM to avoid paying fees at other banks.
Present: Stop driving all over town or paying fees to access your own money! Most mobile apps include an ATM locator you can use from anywhere to search for nearby ATMs within your network.
Past: Writing a check and mailing it to pay your bills.
Present: Save your stamps for other letters and avoid late fees by setting up automatic bill payments for recurring expenses. You can easily schedule payments to be automatically deducted every month through online or mobile banking. Haven't yet scheduled your payments? Navy Federal's mobile app has you covered. Log in and pay your bill when it's top-of-mind—anytime, anywhere.
Past: Delaying depositing checks until you have time to swing by the branch.
Present: No matter where you are in the world, you can deposit checks in a snap and make a mobile deposit through your bank's app. It's the perfect fix when you find yourself unable to visit a branch or just prefer making a deposit without hopping in your car.
Take the first step to getting with the times and download Navy Federal's mobile app. Whether you're using an iPhone®, iPad®, Android™ or Kindle Fire, you can access all the tools we have to offer to help simplify your banking.
*Message and data rates may apply. Terms and conditions are available. Android™ is a trademark of Google, Inc. iPhone® and iPad® are trademarks of Apple, Inc., registered in the U.S. and other countries. Kindle Fire is a trademark of Amazon.com, Inc. or its affiliates.
This article is intended to provide general information and shouldn't be considered legal, tax or financial advice. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.