3. Smart Phone Applications

The newest and rapidly growing form of mobile banking technology is the development of smart phone and tablet banking applications. These applications give you one-touch access to many account features. Similar to the web browser technology, you have access to your accounts through a mobile phone application. Some institutions allow you to take a picture of a check and make a virtual ATM deposit/payment with your phone.

More typical services include account transfers, bill payments and activity monitoring. These services allow you to conduct transactions even if you are not near a computer. You can monitor fraudulent activity and instantly notify financial institution personnel if you notice any suspicious activity. Once again, when accessing a mobile service app you could possibly see a charge depending on the conditions of your mobile service provider.

There are other services too which include account transfers, bill payments and activity monitoring. These services allow customers to conduct banking transactions even if they are not near a computer. They can monitor for fraudulent activity and instantly notify bank personnel if there is an issue.