If we need to be over-protective, paranoid, demanding, or simply conscious of the apps we install on our smartphones, we should probably feel all those emotions when installing a mobile app from our bank.
Aside from serving our best interests, it should safeguard our information, and it should function as needed whenever we ought to complete a bank transaction without the need to go to our local banks.
Banks keep rolling out new features to simplify your banking experience, and they continue to compete to be on the cutting edge. An excellent banking app is becoming one of the deciding factors when it comes to selecting a bank.
Here’s a list of banking mobile apps that are rated based on their functionality:
Best Mobile Banking Experience: Ally Bank
Function and Features:
- Mobile check deposit
- Money transfers
- Bill pay
- Transaction history search
- ATM locator
- Finger Print enabled
- Supports all bank accounts (Savings, Certificate of Deposit, IRA)
- Access to Zelle to transfer money to external bank account using only an email address and phone number
Bonus:
- Ability to trade stocks
- Track Investment Performance
- Access to statements and Tax Forms
Best Customer Service Experience: Capital One
Function and Features:
- Mobile check deposit
- Account Balance Check
- Money transfers
- Bill pay
- Finger Print enabled
- Supports all bank accounts and loans (Savings, Credit Cards, Auto Loans)
- Track Credit Score
- Redeem Credit Card Rewards
- Lock lost the credit card.
- Report Fraud
- Access to Zelle to transfer money to external bank account using only an email address and phone number.
Bonus:
Covers mobile footprint, can be accessible via Apple Watch
Best Data Security and Cash Back: Bank of America
Function and Features:
- Account Balance Check
- Money transfers
- Bill pay
- Finger Print enabled
- Activate Card
- Order replacement card
- Various Options to Redeem Credit Card Rewards
- Access to Credit Score
- Lock or Unlock a Debit Card
- Take Photo of Mobile Check and Deposit to Your Account
- Fraud Protection
Best Prepaid Card and Mobile Wallet: Chase
Function and Features:
- Account Balance Check
- Money transfers
- Bill pay
- Finger Print enabled
- Reload Chase Liquid Debit Card
- Access to All Accounts (Checking, Saving Credit Card and Investments)
- Access to Zelle to transfer money to external bank account using an only email address and phone number
- Schedule Payments (credit card, mortgage, and loans)
- Access to Credit Score
- Redeem Ultimate Rewards for Chase Credit Card
- Mobile App Cash out on Chase ATMs (No physical card necessary)
- Text alerts to navigate the app without opening it.
Best Billy Pay and Investment Tracker: Wells Fargo
Function and Features:
- Account Balance Check
- Money transfers
- Bill pay
- Finger Print enabled
- Access to All Accounts (Checking, Saving Credit Card and Investments)
- Investment in securities (Stocks and Mutual Funds)
- Investment Tracker
- Open orders for Wells Fargo Advisors and Wells Trade Accounts
- Access to real Time Quotes and Market Data
- Cardless ATM access option
- Simple Text Banking Commands to Navigate the App
- Access to Credit Score
- Redeem Ultimate Rewards for Chase Credit Card
Best Accessibility: USAA
Function and Features:
- Account Balance Check
- Money transfers
- Bill pay
- Finger Print enabled
- Face Recognition enabled
- Voice Recognition enabled
- In-App Assistant
- ATM Locator
- Access to a USAA representative
- Provided access to all accounts (Checking, Savings, Credit Card and Investments)
- Access to mobile wallets (Apple Pay, Samsung Pay, and Google Pay)
- Cardless ATM access option
- Access to Banking and Car insurance options (Military/Veterans)
Choosing a bank to trust with your money has always been a meticulous endeavor, and most of the time, we collect stories of disappointment rather than satisfaction.
I hope these mobile banking apps will help you choose the bank based on how they can serve and satisfy your banking needs. It always pays to visit their online banks to read more about what they can offer, and you can also learn both raving and negative reviews to help you decide what would greatly help you.
