How To Use Mobile Banking To Help Pay Your Bills On Time

In today’s changing technological world, banking has continued evolving to offer convenient financial management services. In fact, a survey by the American Bankers Association shows that 55% of bank customers choose a mobile banking app as their preferred method for managing their banking accounts.

Did you know that mobile banking apps can even be used to help pay your bills on time? Today we’ll discuss a few differences between online banking and mobile banking. We’ll also discuss using mobile banking to pay bills and how mobile banking works at Bank of the James.

Online Banking vs. Mobile Banking

Online banking and mobile banking may sound similar, and while they offer similar features, they’re not the same thing. Online banking, sometimes called Internet or web banking, is used through a web browser, typically on a computer. This type of banking lets you view account balances, transfer money, open new accounts, and more. It does not require additional software, such as an app download, to utilize. Typically, online banking provides more detailed information about your banking accounts than mobile banking.

Mobile banking is accessed through a smartphone or tablet app. This type of banking provides unmatched convenience, allowing users to perform simple banking tasks anytime, as long as they have Wi-Fi or a mobile network connection. Mobile banking can also provide users with location-specific features that online banking can’t, such as finding nearby ATMs.

4 Benefits of Using Mobile Banking To Pay Bills

Mobile banking apps use unique features that are tailored for smartphone capabilities, helping to prioritize on-the-go transactions. 4 key benefits of using mobile banking to pay bills include:

24/7 access

Unlike visiting a physical bank branch which has hours of operation, mobile banking gives you access to your account anytime, day or night. This allows users to schedule payments, pay bills, and more at your convenience.

Savings management

Many mobile banking apps offer various ways to help you manage your savings accounts. For example, some apps allow you to transfer money between your checking and savings accounts. Having organized banking accounts gives you a better lens into your overall financial picture, helping you to pay your bills on time each month.

Expense tracking

Mobile banking apps take most of the heavy lifting off your shoulders by organizing your expenses into spending categories, meaning that you can see where your money is going. By reviewing spending habits, you can identify areas where you may need to make adjustments in the future.

Security

Instead of waiting for bills and statements to be delivered to your mailbox, mobile banking apps allow you to see expenses in real-time. This security helps reduce fraudulent activity and keeps your information safe.

Mobile Banking At Bank Of The James

At Bank of the James, we’re proud to offer the latest mobile banking offerings for our customers. We currently have the following mobile banking features on our Mobile Money app:

Instant Balance

When this feature is enabled, users can securely preview their account balances without logging in.

Touch/Fingerprint ID

Using Apple’s Touch ID feature or Android’s Fingerprint Authentication, users can log into their account without a password.

Transfer Funds

Mobile banking allows users to transfer funds securely between accounts.

Add Contacts

Users can add companies and people to their contacts to request and send money. The Mobile Money app also works with Zelle for sending and receiving money.

Deposit checks

Customers can use their phone’s built-in camera to safely deposit paper checks into their checking or savings accounts.

Card control

Users can manage their debit card within the BOTJ app. This includes activating it, viewing transactions, freezing it, and more.

The Bank of the James Mobile Money app uses multiple layers of authentication, ensuring that your financial information always remains safe and secure. Sending money through the Mobile Money app is more secure than mailing paper checks.

Bank Of The James Offers Flexible Banking Solutions.

At Bank of the James, it’s our goal to provide convenient, flexible solutions that fit your unique financial needs. With multiple digital banking options, you can easily manage your money, at your convenience, day or night. If you have questions about our online or mobile banking options, visit our Help Center, or walk into any of our convenient branch locations for assistance.