Banking App Features That Can Make Your Life Easier

Whether you’re on the go, at work, or at home, banking apps can help you manage your finances quickly and conveniently. However, not all banking apps are made the same. Each banking app has its own set of features that give it an edge over its competitors.

If you’re not sure about what features to look for in a banking app, we’ve listed some services that can maximize your comfort and convenience and help you choose the right online bank for you. 

Monitor Finances

Before the time of banking apps, you needed to visit an ATM or their bank to check your account’s balance. Now, banking apps make it much easier to monitor your finances. You can get a complete picture of your financial situation and view the balance of your current, savings, prepaid cards, and credit cards in just one window thanks to online banking.

Transfer Money

Mobile banking applications have a transfer money feature that can simplify your financial tasks. This feature allows you to transfer funds through InstaPay or PesoNet to your intended recipient. 

Gone are the days when you needed to undergo the hassles of physically arranging money transfers and deposits. In today’s digital age, all you need are the person’s name, account number, and mobile number. Some banking apps in the Philippines have a QR code feature that provides customers using the same banking institution with a quick and error-proof way to transfer funds.

Makes Savings Easier

One of the best ways to get started on your money-saving goals is to automate it. That way, the amount is automatically transferred to a separate account, so you won’t forget to save.

If you feel like this automated transfer function isn’t working for you, you can cancel it at any time.

Bills Payment

Paying your bills can be such a hassle. It requires you to line up at a bills payment center, which can take up some time in your day – time that can be better spent doing things that you love. This is why you should look for a banking app with a bills payment feature.

The bills payment feature enables you to pay for your bills from the palm of your hand. Whether it’s your electric, water, or phone bill, you can easily make the transaction. You can even automate these payments to ensure that you never miss a due date.

Find Nearby ATMs 

If you suddenly need cash outside of banking hours, there’s only one place you can make a withdrawal from – an ATM. Even with Google Maps, ATMs can be hard to come by and these online maps may not be updated. This is why you should opt for an app that has a Find an ATM feature.

The Find an ATM feature allows its users to find a machine that’s close to their location.

Online Foreign Exchange

If you’re going on a trip abroad or you need to pay for foreign investments, you know that purchasing foreign currency can be a burden. The rates change daily, you must find a trustworthy foreign exchange establishment, and you also need to go there. 

Some banking apps come with a feature allowing you to purchase foreign currencies online. All you need to do is place the transaction and pick it up from a branch near you. You can even convert money from your foreign currency account to your desired currency just from the app.

Load Purchasing

If you need to load your beep card, gaming account, or phone, you may want to look for a banking app that has a load purchasing feature. That way, you can top up your account from your phone and it’ll be credited instantaneously.

Check Deposit

All banks have check cut-off times. So, if you don’t get to your bank on time, you’ll wait an extra banking day before the money is credited to your account. 

Some mobile banking applications have an online check deposit. This works well if you’re always on a tight schedule. All you need to do is take a clear photo of the front and back portion of your check and upload it to the app. Now, the only thing left to do is to wait for the check to clear and wait for the money to be available in your account.

Invest in Funds

One of our best tips when choosing an online bank is to look for a bank that can help you attain your financial goals by providing you with the tools you need to achieve them.

Preparing for the future can be convenient if your online banking app gives you the option to purchase, manage, and withdraw investments from the app. A feature that can help you prepare better for your future.

Request for Documents

If you need to apply for a visa or a loan, you know that you’ll need to request bank documents. This will require you to personally visit your bank, file the necessary paperwork, and then come back at a later date to pick it up. 

Some online banking apps want to streamline this process by allowing you to request for these documents through the app. That way, the only time you’ll need to go to a physical branch of your bank is when you need to pick it up. 

Choosing the Right Online Banking App

When you’re choosing an online banking app, you want to make sure that it has the features that you think you’ll need the most. You want a bank that can help you reach your goals and provide you with the services you need to do so. 

Thankfully with the RCBC Pulz app, you get access to all the features we’ve mentioned above and more. 

Discover what the RCBC Pulz app has to offer today!