Payday. It feels great as a gainfully employed American to regularly post earnings to the personal checking account. Except when it’s a paper check. Then you encounter the inconvenience of the slow line at the drive-up ATM or the predictably stressful experience of waiting your turn in a longer line inside a bank branch. Cough, shuffle, sigh.
Until a few years ago, if you wanted to transfer your hard-earned dollars of a non-direct deposited check into your account, you dealt with the less-than-stellar branch hours, rushing over from work to arrive before 6pm on a Friday to get things done.
Now, my phone is my bank. Welcome to digitization. My financial institution offers an app with services like opening accounts, transferring money, setting up online bill payments and in a way, somewhat magically, depositing checks.
Do you remember when you had to fill out a deposit slip with your account number and give both slip and check to the no-nonsense teller? I even remember when we used to put checks in specialized envelopes to deposit them at an ATM. How far we’ve traveled in Moneyland.
Whenever I need to deal with paper checks, a few taps on my smartphone and a few photos later, my transaction ends. Easy. From the results of the poll last week, many of you must be using apps, too. Mobile banking catches on fast. It’s nice to be waiting for a margarita while watching the basketball game on a Friday in March rather than inhaling car exhaust in an ATM lane, isn’t it? Mobile banking always lets you go into overtime.
Do you use your bank’s app? Is it accessible for you? What do you think of mobile banking? Have you had an interesting experience at a bank recently? Tell me about it.