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5/21/2014 9:06 AM
When automated teller machines were first presented as a means of allowing access to an individual checking account, many consumers were wary. For decades preceding that point, the only way to access and manage accounts was via a live teller. While ATMs have since made it easier to perform financial management tasks when tellers aren't available - even allowing for deposits with some new models - they still present a problem: Like branch locations, they are not always nearby when you need to manage your accounts.
Even if there is another bank's ATM in the area, many people aren't fond of paying the additional fee for using one of these machines.
Enter: Mobile Banking
The ability to manage your checking and savings account from a mobile phone is fairly new technology, which continues to evolve and offer new features. Although Mobile Banking often refers to smartphone and tablet apps for your bank, it can also refer to banking via text messaging and mobile web browsers.
Like ATMs, Mobile Banking allows for account access outside the business hours of your local branch. However, that access is conveniently in the palm of your hand. There's no need to search for an ATM if you want to check your balance or transfer funds.
Here are some common features of Mobile Banking:
Benefits of Mobile Banking
The ability to manage your accounts from your smartphone or tablet affords you numerous advantages:
If you're slow to change or still have reservations, consider the fact that more banks are adding Mobile Banking to their roster of account management tools. As smartphones and tablets see more market penetration, it's no surprise that these apps have become more popular.
For more information on Mobile Banking, contact Landmark Bank.