Two decades ago, the rise of online banking completely revolutionized how people handled their finances, and the last decade has offered one more evolution: mobile banking. Smartphones now allow you to access all of your account information on-the-go. While the service is convenient, you can't truly experience the benefits unless you understand the opportunities available at your fingertips. Learn about some of the different mobile banking functions available so that you can get the most out of your service.

How to Get the Most Out of Your Mobile Banking

1. Identify Fraudulent Charges

The around-the-clock savings and checking account access provided by mobile banking allows you to easily monitor your account for fraudulent activity. The second you notice something out of the ordinary, you can notify your bank to lock your account by phone or directly through the mobile app. This process can potentially save you hundreds of dollars because you can catch the issue quickly before the perpetrator has time to drain your funds.

2. Transfer Money With Ease

Mobile banking also offers the convenience of quick and easy money transfers. You can relocate money in-between your own accounts, like from savings to checking, or send it to family members when emergency expenses arise. Not only does mobile transfers save you a trip to the bank, but it also provides you with complete control over your finances.

3. Deposit Checks From Your Smartphone

Another valuable perk of mobile banking is on-the-go check deposits. The mobile app allows you to take pictures of your check and deposit it into the desired account with a few clicks. With mobile deposits, you never have to worry about making it to the bank's physical location before it closes because you can deposit your check from anywhere you have data or Wi-Fi access.

You can take advantage of all that mobile banking has to offer by choosing Magnolia Bank as your financial institution. They've proudly served the business and personal banking needs of the Hodgenville, KY, area since 1919. From day one, the organization has emphasized the importance of personalized service to each individual that walks through their door. Find out how to open your new account today by calling (270) 358-3183 or by visiting them online. Don't forget to download their mobile app which is available on both Android and Apple devices.