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5 Reasons to Carry Your Bank With You


Your smartphone makes it possible for you to take your bank anywhere, but is it a good idea?
Your smartphone makes it possible for you to take your bank anywhere, but is it a good idea?
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You'd need the strength of Atlas to carry your brick-and-mortar bank around, but thanks to mobile technology, you don't have to -- not literally, anyway. Your smartphone or tablet, enabled for mobile banking, now offers anywhere, anytime access to your checking and savings accounts.

Imagine being able to check your account balance while on the road, transfer money into a college student's account and keep track of your daughter's spending at the mall. It's possible -- and all you need is a smartphone (such as an iPhone, Android or BlackBerry) or tablet (such as iPad or Amazon Fire) and a secure link to your bank accounts through a mobile Web site, text banking or a phone app.

The number of people using mobile banking services is projected to climb from 12 million in 2009 to 45 million by 2014, according to research firm Frost & Sullivan [source: Bankrate.com] There's good reason for this: Since mobile banking requires a mobile connection rather than Internet access, you can get to your accounts wherever you want, whenever you want. Mobile banking can help you save time, increase productivity and even manage your finances more efficiently.

Read on to learn more sound reasons to carry your bank with you.


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