Technology makes life easier. And convenience is everything. That’s why banking online, particularly mobile banking, is so popular. But which banking app is best? The Credit.com editorial team looked at some of the best banking apps out there to help you find the one that’s right for you. Find our take on the key benefits of eight of the best apps out there below.
Benefits of the Best Banking Apps
With mobile banking apps, everything is about features and how they benefit you as the consumer. You don’t want something that’s slow or doesn’t streamline your banking needs. You want the best of the best. Some of the major benefits and perks of banking apps include:
- Fraud alerts
- Budgeting tools
- Bill pay
- Mobile deposits
- Money transfers
- Account statement view
- Multiple accounts view
- Money-saving tips and tools
A good banking app that works on Android and/or iOS devices is one of the key factors people consider when choosing a bank. We’ve put together a list of 8 of the best bank apps for you to consider, along with information about each one and how it can help you manage your finances.
Of course, no one app is best for everyone or every situation. But these apps offer some of the features that make banking online fast, easy and accessible.
1. Capital One Mobile App
Mobile banking apps can be a time saver in your busy world. J.D. Power ranked the Capital One mobile app number one in customer satisfaction. You can use this app to check your credit score, pay bills, send money securely through Zelle, make deposits and lock cards that have been lost or stolen. You also get notifications for purchases you make, which lets you keep track of your spending.
If you’re looking for a mobile banking app that helps you track your finances and provides easy access to your account, this is a great option.
2. Chase Mobile Banking App
J.D. Power ranks the Chase mobile app in the top three for customer satisfaction. You can use this app for the standard features, such as bill pay and check deposits, but you can also use it to retrieve money out of the ATM with your mobile wallet, so you don’t have to carry your debit card around. Feel secure with money transfers via Zelle® and receive account updates via text message for ultimate convenience. The user interface is clear and easy to use, making it one of the top three mobile banking apps.
3. Wells Fargo Mobile App
Besides the common features you can expect to find with most mobile banking apps, the Wells Fargo mobile app goes above and beyond. You can use this app to check accounts and pay bills, but you can also use it to invest in stocks.
One of the best features of this mobile banking app is the ability to access an ATM for cash without your card. The app provides a code you input in the ATM if you forgot your card or choose to not carry it around. You can also tap and pay for purchases with your phone for even more convenience.
4. Bank of America Mobile Banking App
If you’re looking to save money and earn cash back, the Bank of America app may be perfect for you. You can redeem rewards from your Bank of America credit card using this app.
There is also the BankAmeriDeals feature, which lets you earn cash back on your Bank of America credit and debit cards—so you can earn and save money in one easy location. The app also offers card lock protection and customized alerts for your account. This banking app is loaded with features and special deals that help you save money.
5. Discover Mobile App
Rewards are one of the main reasons people choose credit cards. Now, you can earn more rewards than ever by linking your Discover credit card to Discover mobile app. You can also see your credit score and use Apple Pay with an iPhone.
6. Ally Mobile App
One of the top online banking institutions, Ally also offers a mobile app for added convenience. With this app, you can invest your money and receive up-to-date market news to make the best investment decisions. You can also transfer money via Zelle for secure sending. Lastly, you can customize debit card spending limits and notifications thanks to the Card Control feature.
Ally wants to transform the mobile banking experience, with plenty of added bonuses like investment options. Not only can you keep an eye on your money, but you also access tools to help you make wiser financial decisions.
7. PNC Mobile App
PNC offers a great way to track your finances in the virtual wallet. This feature lets you view how much money you have in your account, how much you’ve saved and what bills are due. With this app, you can create a calendar that includes your paydays. And when bills are due, you can schedule them around your paydays so you don’t drain your bank account.
As an added bonus, you can retrieve cash and make payments without your card. PNC gives you a banking app that lets you budget and track your spending for an easy way to stay on top of your finances.
8. Simple Mobile Banking App
There’s no such thing as perfection, but in terms of financial planning, this app comes close. It gives you access to a calculator within the app to determine a budget that suits your needs and helps you manage your bill payment and save at the same time. The Safe-to-Spend feature helps you stay on track and offers an up-to-date view of your financial status. This reflects your recurring savings goals and necessary payments, so you know exactly how much money you have in your account at any given time without going over your budget.
If arranging and sticking to a budget are what you’re interested in the most, this app can help with that. Financial management features are what make the Simple mobile banking app truly stand out in the crowd of competitors.
Bank on the Go with an App
Today, people aren’t tied down to physical bank locations to manage their finances. Instead, you can use an app on your phone and bank on the go anywhere while you keep track of your finances and expenses.
For more help staying on top of your credit in addition to your finances, download the Credit.com mobile app today. That way, you can view your credit score with an updated score every 14 days along with tips to improve your score.