Mobile banking gives you access to up-to-the-minute information on your account balances, so you can make sure your salary has been deposited before confirming your rent payment. You can check deposits, arrange money transfers, make deposits and monitor transaction history to manage your finances more proactively.
Keeping a watchful eye on your accounts can also help prevent identity fraud. You can sign up for text notification if certain activities occur, such as declined transactions, charges for gasoline, foreign transactions, cash withdrawals, online, phone or mail purchases, or purchases that exceed a predetermined amount. You can even sign up to receive alerts if your balance falls below a certain amount. These capabilities help you avoid fraud, as well as keep tabs on your personal spending as well as that of the people who share your accounts.