Are you currently looking to create a banking app for your business? Or, maybe you’re looking for a banking app to use for your business. Either way, you’ll want to know the key things to look for when considering what makes a banking app so successful.
The best mobile banking apps help make dealing with finances much easier. People and businesses look to banking apps as a way to bring convenience to depositing checks, transferring money, and so much more. Before you decide on what features to add to your own mobile banking app, or before you decide which one to use, know the common features of the best banking apps.
Continue reading below to discover all of the best features to be on the lookout for!
1. Multiple Ways to Log in
Multiple secure ways to log into the mobile app is a sure way to simplify things. Having a multi-factor authentication login is secure, but it takes a bit of time for users to get through the process. This can be irritating for many who are using their mobile banking app for convenience and quick access.
Instead, consider mobile banking apps with biometric authentication technology. This makes logins secure by checking physical metrics and then verifying a person. This type of technology does some amazing things such as recognizes a person’s typing rhythms, voice, and more.
Mobile banking apps that offer several different ways to login is another plus. This can be a fingerprint scan, a basic username and password, and more.
2. Mobile Check Deposit
If you live a busy lifestyle, then you know just how common it is to forget to stop by the bank to deposit a check or how common it is to arrive at the bank just after their closing time. When this happens, having a mobile check deposit feature on your banking app really comes in handy.
This feature allows you to take a picture of the front and back of your check and then deposit it into your account. You can do this at any time. So on those days when you’re not able to make it to the bank in time, you can simply take a picture of your check and deposit it through your app!
3. Bank Account Management Tools
Any good mobile banking app has bank account management tools. When thinking about bank account management tools, we first think of things such as the ability to monitor credit cards, debit cards, and account statements. We also think of being able to check your balances and make different money transfers.
However, there are many more amazing account management features that your app should have. Some of the best apps allow you to create a saving goal where you set an amount of money you want to save and an amount of time to save it in.
Those with investment accounts are able to make investments and place orders, and when sending or receiving money, there should be a setting that allows you to make repeat transfers if desired.
4. Alerts and Notifications
Alerts and notifications are something that every mobile banking app should have. These notifications are a great tool at letting you know when a direct deposit was received or when any type of activity happens within any of your accounts.
This is a great way to keep track of all your information and if anything suspicious is taking place, you’ll be notified of it right away, making catching thieves much easier.
5. Helpful and Informative Chatbot
Personalization is key when looking to create a mobile banking app that will be appreciated by the users. One way to ensure personalization is to have a helpful and informative chatbot. This chatbot should provide 24/7 customer service and support.
You should be able to use this chatbot for professional advice regarding your account at any time. An artificial intelligence chatbot is one of the best types for a mobile banking app to have as it’s always available and always ready to provide the necessary customer service.
6. ATM Locator
An ATM locator on a mobile banking app might seem like something that’s basic, but it’s something that shouldn’t be passed up. Having something like this on your banking app shows that you care about your customers if your the creator, and tells you your bank cares if you’re the user.
The feature should allow you to find the ATM location nearest to you, and several others in your area. This feature comes in handy the most when traveling to locations that you’re unfamiliar with.
7. Spending Habit Tracker
A spending habit tracker is another great feature to have. You’ll have the option to have a bit more control over your spending and finances. Some of these habit tracker features include setting your savings goals, customized reports that display your progress, and scheduled bill payments.
You should have the option of setup bill payments for other companies outside your bank such as your utility bills.
The Best Mobile Banking Apps Have These Features!
When looking to create a mobile banking app for your business or when looking to find the best mobile banking app for you, you need to keep these features in mind. A banking app with the features listed above is sure to create a convenient and user-friendly experience for all users!
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