Is Mobile Banking For You?


First introduced in 2007, mobile banking has quickly changed the way people bank. Today, more than 33% of Americans who own mobile phones use them to conduct mobile banking. Are you among them?

Mobile banking makes it easier to keep tabs on your accounts. In fact, it makes it easier for you to see your balances and how much you’re spending, which can actually make it easier for you to save.

By setting up account alerts, you can make sure you’re aware of when a particular bill is due, therefore making it easier to plan ahead. While mobile banking is revolutionizing the way people bank, it’s important that you keep your private information secure.

Keeping Your Private Information Private

While mobile banking makes it easier to access your financial institutions, it’s important that you keep your financial information private. These tips will help:

  1. Make sure your password includes random letters, numbers and symbols. And remember to change it on a regular basis.
  2. Remember to enable the “auto-lock” feature on your smartphone so that your password is needed if you’ve been idle for a few minutes.
  3. When possible, avoid using free or unsecured Wi-Fi networks to conduct your mobile banking.

For more information on mobile banking and how to keep your information safe, take a look at the infographic below.

Infographic Provided by Navy Federal

navy-federal-mobile-banking-infographic 2

 

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