• Tue. Oct 19th, 2021

The best mobile banking apps of October 2021

ByCindy J. Daddario

Oct 1, 2021

Personal Finance Insider writes about products, strategies, and tips to help you make informed decisions with your money. We may receive a small commission from our partners, such as American Express, but our reports and recommendations are always independent and objective. The conditions apply to the offers listed on this page. Read our editorial standards.

The best banking apps for October 2021

* Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank or Stride Bank, NA; FDIC members.

Choosing the right bank is an important decision. And if you frequently bank from your phone, you want to choose a bank with a powerful app.

The best banking apps have easy-to-use interfaces that make basic tasks easy: view your account balances, deposit checks, and contact customer service. With some apps, you can also do things like view your balance without logging in or track your credit score.

Here are our favorite banking apps right now:

Ally

large ally logo


Ally Bank, FDIC member


Apple | google play

BB&T

bbt truist large bank logo


BB&T Truist Bank, FDIC member


Apple | google play

Improvement

wide improvement logo


Improvement


Apple | google play

A capital letter

uppercase large logo


A capital letter


Apple | google play

Charles Schwab

charles schwab logo large


Charles Schwab


Apple | google play

chase away

hunt wide logo


Chase Bank, FDIC member


Apple | google play

Carillon

large chime logo


Carillon


Apple | google play

Discover

discover the large logo


Discover Bank, FDIC member


Apple | google play

Huntington Bank

huntington large bank logo


Huntington Bank, FDIC member


Apple | google play

Synchrony

large sychrony logo


Banque Synchrony, FDIC member


Apple | google play

Methodology

To pick our favorite banking apps, we only looked at apps with at least 5,000 reviews in Apple and Google Play stores. Then we narrowed it down to apps with good average ratings in both stores.

We have selected apps for banks that are available throughout much of the United States. This could mean that a bank has branches in multiple US states or operates online.

Our top picks have competitive products that set them apart from other institutions. For example, a bank may pay high interest rates, have tools to help you save money, or allow you to receive paychecks sooner.

Where applicable, we also looked at customer satisfaction rates on JD Power Investigations. The BB&T app had the highest customer satisfaction of any banking app surveyed, and Huntington’s app was the top ranked app for regional banks.

Frequently Asked Questions

What is a banking application?

Most major banking institutions have apps that you can download from Apple or Google Play Store. You will create a username or password. If you’ve used online banking on your web browser before, the login details are likely the same. The layout of the application should be similar to the layout of the browser.

With a banking app, you should be able to do basic things that you normally would in a bank: depositing checks, talking to a representative, and viewing your account balances.

Are banking apps free?

Most banking apps are free when you have an account with the bank. But keep in mind that the accounts themselves may incur fees.

Some banks charge a monthly service fee, unless you can waive it. You can also pay fees for overdrafting your account, using an off-network ATM, or using your debit card in a foreign country.

What do i need a banking app for?

At the very least, you should be able to use your banking app to check your account balances, transfer money between your own bank accounts, deposit paper checks with the app’s camera, and find the service’s contact details. customer.

Our best banking apps include even more robust features. When you think about what features you need, think about your banking habits.

  • Do you like to see all your financial information in one place? You might like to bank, invest, and open a credit card with the same company and track them all in one app. You may also want an app that displays your credit score.
  • Do you have an unusual work schedule or a busy life? Maybe you want an app with 24/7 live customer support.
  • Do you want help saving for your goals? Find an app with automatic savings tools or with savings compartments that allow you to organize your different goals.

Finally, keep an eye out for high yield savings accounts, low fees, or early direct deposit features when shopping for a banking app. You want the app to be associated with a bank that offers the products and features you want.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *