This last week has been a challenge, but mobile banking has made if manageable.
Your older daughter locked her keys in her trunk when she was visiting her boyfriend. Your younger daughter found the perfect prom dress while she was on a church trip and 15 hours from home.
Neither of these events were real emergencies, but the fact that the entire family uses the same mobile banking app made the details more manageable. Your oldest daughter was able to call a locksmith to get her into the car, but the bill was a little more than her fourth year in college checking account could handle. Your youngest daughter had plenty of room on the charter bus to safely store her prom dress purchase, but the cost was more than you had given her for the trip. Thanks to mobile banking services, both situations were easily solved. For both your daughters you were able to make quick and effortless online funds transfers. You do not usually make a habit of bailing your girls out of minor emergencies, but on this occasion you were glad you could help.
Online Banking Provides Many Advantages
Whether you are a parent or a business owner, there are many ways that online banking services can be an advantage. From checking your balance to depositing checks without having to go to the bank, in today’s world it makes sense when choosing a bank that you have convenient online access to your accounts.
Some reports vary, but most experts believe that the first true debit card hit the market in 1966 and was issued by the Bank of Delaware. And while some Millennials are part of the statistic that they are deeper in debt than previous generations, this in not always the case. The fact that the average salary of a Millennial today is 20% lower than the average salary Baby Boomers had at the same age means that it can be easy to get yourself in financial trouble. There are also many Millennials, however, who are able to handle their expenses comfortably and put funds away for the future.
