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5 easy ways to bank at home

5 easy ways to bank at home

Bank branches still exist — but why visit one if you can accomplish everything you need to from the comfort of your couch?

While you still might visit your nearest location for a loan or other assistance, online and mobile banking have made it easier than ever to manage your finances from a laptop, smartphone, tablet or personal computer.

Still used to going to a branch to check your account balance or make a deposit? Here are five easy ways to bank from home using technology.

1. Become familiar with the app or website

If you're new to online and mobile banking, take some time to become familiar with the layout of the app or website you are using. Often, banks have tutorials built into the interface, which you can use for directions and help when navigating between various tabs and pages for the first time. Just spend some time poking around the app or website to get a feel for where basic information is, like balances and statements. Then you can progressively use more nuanced features to manage checking, savings or investment accounts.

2. Set up automatic bill pay

Among the biggest benefits of online and mobile banking are convenience and streamlined

personal finances. Automatic bill pay is a major advantage, and incredibly simple to set up. Most apps or bank websites can analyze your transaction history and determine what your recurring bills are. Typically, you'll get a prompt asking whether you'd like to turn on autopay for a particular recurring transaction. This is a lot easier than tracking all the due dates for electricity, gas, cable, internet, cellphone and water bills.

3. Make mobile check deposits

Forget about ever having to wait in line during the lunch rush to make a batch check deposit, or just a single check deposit. Online and mobile banking make sure transactions are quick and painless, and you can get instant confirmation that the deposit was successfully posted.

To do this, you'll need to take a clear picture of the front and back sides of the check on a neutral surface. Don't forget to endorse the check; many mobile deposit features will also require that you write "mobile deposit only" or some variation on the check.

4. Send/receive person-to-person payments

Sending money from one individual to another used to entail that both parties jump through a number of hoops to complete the transaction. With person-to-person (P2P) payments, you can send rent to a roommate, money to a spouse or split a bill between friends all with basic contact information and few clicks — no account or routing numbers typically required. Many apps and bank websites will have their own service or integrate with a third-party payment provider to ensure you can seamlessly send and receive P2P payments.

5. Make use of all the service has to offer

Once you've mastered the basics of online/mobile banking, it's time to discover everything else the service has to offer. Look for things like:

  • Budgeting tools
  • Spending analysis
  • Automated investment advice
  • Real-time chat or video for customer service
  • Financial literacy resources

Want to get started with online and mobile banking? Reach out to The Federal Savings Bank today to learn more about our services.