Most people have a checklist they go through before they leave the house. Is the stove turned off? Are the doors locked? Do I have my wallet, my keys and my cell phone? The only thing that has changed about that process in the last few years has been the addition of that last item on the list.

If you’d like to use your smartphone for more sophisticated purposes, plus add a ton of convenience and peace of mind to your life, consider mobile banking. With a couple of taps, you can access a whole suite of financial information with the rcitymobile app. Let’s look at four scenarios where mobile banking can save you some time … and even some money.

1.) Say goodbye to security woes

Despite all of the data breaches that have been in the public eye over the past few years, no one has figured out how to compromise mobile devices as a platform. Security leaks have affected PCs, Macs and point of sale terminals, but no widespread security vulnerability has compromised mobile banking. Despite the fear, mobile banking is actually a fundamentally secure platform. Two reasons for this is:

  • With the vast number of different platforms, cell phones, apps or other experiences it is very difficult to have a single vulnerability to affect many users. Since there’s less possibility of large scale attacks, hackers have very little incentive to dedicate time toward trying to compromise mobile platforms.
  • Because these devices have to send regular usage information back to your mobile provider, they tend to be far less prone to modification. There’s just not as much you can do to an iPhone or an Android as you can to a PC. While some users might override those protections, such modifications are not widespread enough to justify attempted infiltration.

Mobile banking is secure and safe. Data transmitted from your cell phone to your provider is heavily encrypted. If you lose your phone, it can be remotely deactivated and passwords usually aren’t stored on the device.

2.) You can check your balance any time

Rather than waiting for your statement every month or booting up that slow PC for checking your account balances online, you can view transactions while waiting for a bus or in line at a restaurant. You can stay vigilant against illegal account access any time you’ve got your phone and a spare few seconds.

The convenience of mobile banking can also keep you from making costly mistakes. If you know funds may be running tight, check your account balance while in the checkout line to make sure you can cover the cost of your purchases. You can see if your monthly rent check has been withdrawn from your account to avoid the costly fees associated with over drafting. It’s easier than ever to keep track of your finances.

3.) It’s where you’ll find the next big thing

Mobile payments and mobile check depositing have become widely available and are already being used in many places. As technology gets better, these functions will become cheaper, faster and even more widespread. RCFCU offers these services to keep you up to speed with this rapidly evolving world.

4.) 24-hour-a-day instant access

Do you ever wake up in the middle of the night in a panic because you can’t remember if you paid your electric bill? Are money worries preventing you from enjoying your vacation? If you have these concerns and are nowhere near your computer, you could just suffer through them. Or you could put your mind at ease by simply checking your account via your mobile app.

See if your monthly bills have cleared. Make sure your balance is safe. You can do all of this any time you’ve got your phone, day or night.

Mobile banking won’t replace traditional, face-to-face interaction. There will always be a place in the credit union service standards for the human interaction. The rcitymobile app is easy, and it’s free for all members! You can find it on Play Store for Android devices and at the App Store for iPhone and iPads. Space-age convenience, top-level security, and blissful peace of mind are all available from your pocket, anywhere in the world.

For more information about the rcitymobile app click here.

If you have any questions about rcitymobile, our Member Service Center is available Monday – Friday, 8:30 a.m. – 5:30 p.m. and Saturday 9 a.m. – 1 p.m. to assist you… give us a call 210-225-6866.

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