All the mobile devices, including the smartphones have completely changed the way that the average person does banking. Now, everything is possible through the simple app. Almost all the banking apps will provide access to all the banking services.
All the banking apps will bring the bank branch at the user’s fingertips and they will help the users to bank whenever they wish at their own time. But the question is that, whether all the banking apps created equal? What does the user’s bank will offer in terms of mobile banking? What is mobile banking? Whether it is safe?
For some of the users, mobile banking is the main factor, which determines in which bank the user can open an account. Other users use the banking apps to find out what offers their current bank provides them.
Must need features of banking apps
Before analyzing different online agents, it is important to understand the important features of banking apps. The vital features of the banking apps are as follows.
• Fees
Most of the banks offer the mobile app service for free of charge. This means that the bank will not charge any cost for using the app. But the phone’s network provider will charge standard data and messaging rates. Most of the banks offer free app downloads, it is important to check with the specific banks to be clear about their rates. The bank may offer free download but they may charge for particular services like transfers, etc.
• Deposit limits
Almost all the mobile apps provide mobile check deposits; it means that users can deposit checks with the help of their mobile phone. Most of the banks have particular deposit limits, which depends upon their timeframe, account type and other several factors. The user has to aware of the deposit limits before using the service and starts making plans.
• Technology requirements
Certain apps require specific requirements. Some apps will run only on iOS7 and some require iOS8 or even higher versions. Same is the case for Android, some apps require OS 4.1 and some require OS 4.4 or even higher versions. Some apps have the features that will run on Apple or Android watches.
• Easy to use
Easy to use and user-friendly character is the important characteristic that every app should possess. Best banking apps will have this character. Apps act as apps for a reason. All the apps should have the interface that should be used by everyone with their fingertips. Apps should allow the user to manage their bank account with their fingertips and swipes. The developers must have an eye on the user interface of the app. This will help an app to have better reach among people.
• Functionality
Apps, which have multiple functions, are easy to use. Most of the users want an app that allows them to easily navigate between multiple accounts. Some of the banking apps will send an email notification when the user makes any mobile deposits, or any other changes to the account, this will offer the user a valuable peace of mind and help the organization. Users have to make sure whether the app offers the capacity to customize features such as automatic bill payment, budgeting plans, and account alerts.
Top ranking banking apps
Ally app
Ally bank doesn’t have any branches. Users can access only on the web or through the mobile applications. Users can access cash at any ATMs available and they can use Allpoint ATMs for free. Ally is a new and completely different app and it has $55 billion account deposits. Ally expresses that they developed their bank with the three basic ideas: do right, think straight and be better.
Key factors of the app
Ally eCheck deposit- with the help of this feature, users can deposit checks by taking a picture of it on their mobile phone. Users can set up direct deposit, they can receive incoming wire transfers or they can opt for mail on deposits with postage-paid envelopes.
Transfers- users can manage transfers between multiple Ally accounts or they can send and receive money using an email address with the factor called Popmoney service. Ally users can transfer money to other financial institution accounts.
Other services are,
• Activity and account overview
• Bill pay
• cash locator and ATM
• Touch ID
• Ally assist
Capital One
Capital One has built an easy-to-use app. This app places many important features and tools at the user’s fingertips. The app mostly suits all the iOS and android devices such as iPhone, Android, iPad and android watch.
Key factors of the app
Pay a bill- the important aspect of this feature is that within few taps and swipes users can manage their bill payments. Users can make one-time payments or they can customize their auto-pay to make monthly payments. The app offers the payment notifications, which will allow the users to keep track of their payments.
Transfers- Capital One users can make transfers to other Capital One accounts or to the other non-Capital One accounts. For this, the users have to set up an account on their laptop or desktop and then they can able to make transfers or receive funds from others on their mobile devices.
Mobile deposits- mobile deposits can be done by taking a photo of the front and back of the business, personal or federal checks. Users can make mobile deposits on their mobile deposits with no additional fees. If the user uploads the check before 9 p.m. in Monday to Friday the cheque will remain pending the same day and funds will be ready in the next business day. Users will receive an email notification when their cheque has been received.
Secure connection- Capital One has created a SureSwipe, which is the function that will allow the user to securely sign into their mobile account; they need not enter all their details every time they open the app. To use SureSwipe users have to create a pattern password and they have to swipe the pattern each time they open the app. SureSwipe saves the time and mainly it is easy to use on the smartphone.
Easy-to-use- this app allows the users to easily move between multiple accounts and features. Users can drag their accounts so that they will appear in the order in which they have been placed by the user.
Other features include:
• list multiple account balances
• View account details such as user’s recent activity and other information.
• Branch locator or ATM
• Contact the bank’s customer service
• Users can open new checking accounts
Chase mobile App
This app provides users an easy access to their multiple accounts and it satisfies the general banking needs. iPhone, iPad, Android, and Windows Phone users can use this app at free of cost. If the app is not available on the phone for some reasons, users can visit Chase website and they can access app’ features.
Key features of the app
Bill Pay- users, who have enrolled with the Chase Online Bill pay, they can access their bill payments according to their needs.
Check Deposit- this feature allows the users to practically deposit checks by taking a picture of the check and upload it through the app. This app will allow the users to deposit business, personal and U.S treasury checks. Users can deposit one check at a time. Deposit limits can be viewed within the app.
Author Bio :-
Smith Felix is a senior copywriter in Dectar.com, a best PHP script developer in India which provides Dectar Apps services for the past 3 years. He is also an expert in digital marketing and web development who writes articles on the latest topics covering valuable information on cloning scripts.