Millions of people have embraced the convenience of managing their finances online. If you haven’t yet taken the plunge into this digital land, you may wonder how it works, if it’s safe, and why it could be better than traditional methods. Even if you’re savvy online, these five tips could help make it a little easier to manage your money while you’re away from your local branch or your home.
Sign up for online banking. Check in on your accounts from the comfort of your couch, the convenience of your office chair, or when you’re miles away from home. Online banking gives you around-the-clock access and is a great way to monitor activity, check balances, and make transfers, as well as providing other useful features that you perhaps thought had to be done in person at a branch. Contact your financial institution for instructions on how to sign up.
Get electronic statements. Let’s face it—account statements from your financial institution clutter up your countertop and eventually end up in the shred pile. Stop the cycle and sign up to receive them by email instead. That way, you can opt to look them over and move on, or print them out yourself. Plus, it’s faster than waiting on the mail, and you’re helping the environment by reducing waste.
Enroll in online bill pay. Never forget to pay a bill on time again with online bill pay. This can especially come in handy when you’re away from home. You can schedule automatic payments at the same time each month from any account.
Set up digital wallets. This is a feature on your phone, tablet, or smart watch that allows you to enter your credit, debit, and reward card information to make payments at eligible vendors. Payments are made by hovering your device over the payment terminal, then entering a code or using fingerprint recognition to confirm. It’s more secure than carrying your cards and can be shut down if your device is lost.
Notify your financial institution. Before you hit the road, hit up your financial institution to let them know your plans, including your destination and travel dates. Nothing could ruin a vacation faster than a lack of funds, and doing this helps keep your accounts safe and avoids interruptions in your credit or debit card services while you’re out of town or the country.
Presented by Member One Federal Credit Union