Mobile banking is one of the most unique financial tools you can use. However, many financial platforms go a step further by providing digital all-in-one banking to customers. Looking into all-in-one banking apps broadens your horizons and gives you access to more financial tools than a simple checking account.
Think outside the box and look into what these powerful applications will do for you.
What is an All-in-One Banking App?
An all-in-one banking app provides you with several features, including a mobile account ledger. Checking your account from your mobile phone or tablet helps you feel comfortable with the status of your account.
Mobile banking ensures that you can stay abreast of your finances no matter where you are. There’s no need to plop down in front of a computer or call the company when you can check the ledger yourself.
Advantages of Mobile All-in-One Banking
Mobile all-in-one banking offers consumers a range of advantages. You may not realize how much freedom there is with a mobile app — and even more freedom is found when you bank almost entirely online.
Advantages of a mobile app that allows for all-in-one banking include:
- Access to every account in one place
- Money transfers to your accounts and others
- Access even while you travel
- Easy to reach the customer service team
- Push notifications
Aside from the power that an all-in-one app provides, you get the peace of mind that comes with consistent access to your bank account.
What to Look for in an All-in-One Banking App
As you hunt for an all-in-one app, you should consider all the other things it can do for you. Look beyond the standard items listed above. You want to know that your mobile app goes above and beyond to do things right.
You may not realize how powerful an app can be, but there are certain items that have gained popularity in the industry. Expecting more from your bank is a good thing. As your bank progresses, you gain financial freedom and flexibility. Look for:
Safe banking protocols: Aside from the username and password for the account, you want your financial platform to use multifactor authentication. If you use an Apple device, it should ask you if you want to use Face ID. Additionally, you want the company to ensure you aren’t responsible for unauthorized charges, alerts you when potential fraud occurs and even allows for contactless payments.
Investment services: Investing with your bank or financial partner is simple because you can transfer money back and forth from the investment account to your checking account and vice versa. Look into mobile apps or digital banks that allow you to buy cryptocurrency, invest in stocks, buy into exchange-traded funds (ETFs) and more.
Get paid early: You can get paid before your paycheck arrives, helping you get the money you need long before it’s needed. With services like this, cash flow is no longer a problem.
Rewards: Looping a rewards program into the app pays consumers back for their loyalty.
Cash advances: No need to get a cash advance from a credit card when your financial institution can do it for you.
Loan products: You can build your credit with a small loan taken from your preferred financial partner. Applying through a mobile app and handling everything digitally is simpler for everyone involved.
Who Benefits From an All-in-One Bank App?
All-in-one apps are useful for anyone, but they do speak to certain types of consumers who need (sometimes crave) the simplicity and accessibility of these apps.
Busy professionals can check their accounts throughout the day, often completing transactions on the go. You can check your account at the airport, on the bus, train or even in a taxi.
Parents can use all-in-one apps to check their balances during a long day of errands and running to their kids’ activities. Plus, parents can often use all-in-one banking to help their kids learn about money or even offer a digital allowance.
Students are often so busy that they can never get to a bank branch to conduct their business. Moreover, students who wish to matriculate through disparate undergraduate and graduate programs move quite frequently — they can take a mobile app with them.
Business owners can use online financial platforms to ensure they have the cash needed to complete certain tasks. Moreover, you can manage your business’s investments, apply for loans or take cash advances from the same app.
MoneyLion is a forward-thinking financial platform that wants to change the way consumers operate inside the American banking system — helping “the 99% feel 100%” about their finances. The bank offers a wide range of services and products that include:
- Mobile banking
- Cashback rewards
- No hidden fees
- Financial tracking
- Buy-now, pay-later services
- Investment accounts
- Credit builder loans
- InstacashSM advances
- MoneyLion crypto services
Find Your Favorite All-in-One Banking App Today
Look out for all-in-one banking apps that give you the power and flexibility you need. Use these tips and come back to Benzinga at any time for additional information covering a range of financial tools.
Frequently Asked Questions
Which banking app is the best?
The best banking app aligns with your needs and financial situation. Look for an app that allows you to get paid early, invest, buy cryptocurrencies, receive direct deposits, help you get cheap loans and accept cash advances.
Which is the safest net banking app?
MoneyLion has an incredibly safe mobile app, using multifactor authentication, contactless payments and quality protections against unauthorized purchases.
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