With the constant technological changes, nearly everything is present at the finger’s click. This easy access to things has also been extended to managing our finances. There is no need to stand in long queues or consider when your bank will begin and schedule your day according to it. All you need is an app on your phone, and you can process your bank-related work within minutes. But, before delving into that, let’s first understand what a banking app is and how it works.
Using a banking app, and how does it work?
A banking app is a software that lets you access your bank account information and carry out transactions right from your phone, tablet, or another mobile device. You can access your current balance and transaction history on many banking apps. For example, you may deposit checks up to a particular dollar amount, start transfers to other bank accounts, plan payments or pay bills, send payments directly to other people, and find accessible ATMs.
Your banking app must typically be downloaded from an app store like Apple’s App Store or Google Play Store.
You’ll be prompted to check in to your account using the exact login details you use to access your bank account online using a web browser once you’ve downloaded and started the app. Depending on the banking app you’re using, your experience after logging in will vary. However, in most cases, you’ll be able to choose the action you want to take, including checking your balance, viewing your transaction history, or making a mobile deposit.
Mobile banking apps that integrate with the Bank of America
Even though you have a fair understanding of a mobile banking app and its operation, it is essential to note that not all bank accounts can be linked with all mobile banking apps. Mobile app developers must agree with banks or other financial organisations for users to have online access to their bank accounts for this to function. Hence, many banks have developed mobile banking apps that make the process of banking with the bank easier for their clientele.
Based in North Carolina, Bank of America is one of the oldest banking institutions in the nation. The business has developed client loyalty and trust over time. However, in the past decade, the company has sought to expand its services online by coming up with its mobile banking application. In this section, we will look at the same and other alternatives that let users access their Bank of America accounts.
Below are five apps that allow you to access your Bank of America accounts anytime, anywhere.
By using the Bank of America mobile banking app, users can securely and conveniently connect their Bank of America or any other US-based accounts to the app. The app enables users to view their account balances and recent activities, at the same time, lets them set alerts on essential updates. The app can also be integrated with other mobile applications like Zelle and Meet Erica. Zelle lets users easily carry out transactions via mobile phones, whereas Meet Erica is a virtual financial assistant that resolves investment-related queries. The Bank of America Mobile Banking app makes the process of spending, investing, budgeting and carrying out transactions much more straightforward.
Plaid lets users connect their bank accounts to mobile applications that they wish to use. Apart from partnering with companies like Venmo, Chime, Dave and Betterment, Plaid also allows users to integrate their apps with their Bank of America accounts. The entire process makes use of three simple steps. Firstly, users need signup with a plaid-powered app and select the financial institution they wish to use. In the second and third steps, Plaid encrypts all the crucial data, keeping it safe, and links the mobile application to the user’s bank account.
Considering that Bank of America is one of the most widely used banks in the US, Chime also allows its users to access their Bank of America accounts via their apps. Moreover, any banking app charges a specific fee for its services. For example, the Bank of America charges checking account fees, overdraft fees, wire transfer fees, ATM fees and many more. However, with Chime, users need not pay all these additional costs. Chime has no hidden fees, so its users can save more. All they need to do is sign up on Chime.
Zelle, which made transactions easier for individuals, has now been incorporated within the Bank of America mobile banking application. Even though users will not have access to the Zelle app, all contacts, history and data will be stored in the Bank of America application. Users need not worry about paying additional fees for transactions, and they can transfer money to any account across any bank.