Many functions of a bank should only be done in person. For example, if you’re applying for a home or business loan, you want to know the local lender you’re borrowing from.
But what about when you just want to pay a bill? Or view your current account balance? Or reimburse your sister the $20 she lent you for cider donuts at the apple orchard? You don’t want to drive across town every time you feel like doing a little bit of banking.
And you don’t have to. Thanks to online banking, many of your bank’s functions are available right on your smartphone.
How will digital banking improve your banking experience? In more ways than we can count! But let’s limit our list of benefits of digital banking to a trim five for your convenience’s sake.
Convenience
Look. We get it. As much as we love seeing our account holders’ smiling faces, we understand that they have jobs to go to and family dinners to carve roasts at. That’s why we’re happy to offer an app that lets people go years without visiting one of our brick and mortar locations.
Do you know what else is convenient? Going cashless. Once you’ve made your money digital, paying for something without a debit or credit card becomes easy!
Features
Digital banking wouldn’t make life convenient if it didn’t have so much to offer. With digital banking, you can:
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Deposit checks remotely
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View detailed payment history
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Pay anyone, anytime, anywhere
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Schedule payments far in advance
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Receive and pay bills electronically
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Transfer funds between accounts instantly
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Know immediately when payments have cleared
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Set up automatic payments, repeating at any frequency
Security
You may get by just fine if you wind up never using most of digital banking’s many features. But you don’t just bank because you want to use your money. You bank because you want to keep your money safe.
That’s why security is of chief importance in digital banking. Sensitive data are encrypted. Software is constantly updated to close off vulnerabilities that could be exploited by hackers. Multi-factor identification alone blocks 99.9% of all account hacks. Even smartphones themselves are protected with passwords, Touch ID and Face ID. All of these are reasons why digital banking can offer even greater security than using a traditional card.
Control
It’s your money. Shouldn’t you be able to move and manage it however you see fit? When you leverage online banking, you’ll be able to pay, deposit and transfer funds however you want, whenever you feel like it – not just during a banker’s hours. And thanks to optional push notifications, you’ll be instantly alerted to low balances, overdrafts, and other events that demand immediate action.
Support
Digital banking doesn’t happen in a vacuum. When you choose a local bank, you can still count on phone and in-person support whenever you need them. It’s truly the best of both worlds: the warm, personal customer service of yesteryear coupled with all the perks of the Information Age.
Are you looking for a local bank with full digital banking services in Central Minnesota? Then we welcome you to contact Sherburne State Bank or visit one of our locations in Becker, Monticello or Princeton, MN today!
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