I don’t consider myself a techie – I’m usually a little late to the party when new technology is released, and I tend to let other people pay the early adopter’s tax for me. But I admit that I love the capabilities that the new smartphones have when it comes to games, apps, and other utilities. A couple years ago I didn’t think phones would be this powerful, now I have become accustomed to them!
Managing your money with mobile apps
If you have an iPhone, iPod Touch, or a smartphone that runs apps, then you can probably download multiple apps that make it easier to manage or monitor your money on the go. I’ve had the Mint.com and USAA.com mobile apps for awhile now, and I recently downloaded the Citi Mobile(SM) App when I found out about it.
If you want to be able to track your money on the go, and even transfer money, track bills, make payments, or otherwise manage your money, then I recommend seeing if your bank has an app available for your situation.
Citi Mobile App
I’ll use the Citi Mobile(SM) App as an example, because I’ve been exploring it’s features lately. The Citi Mobile app is free and can be used to manage both bank and credit card accounts (check out the Citi® Platinum Select® MasterCard® for a great Citi card if you don’t already have one).
To download it, visit the Citi’s Mobile App page, click on the link for your phone. The Citi Mobile app supports the iPhone, smartphones, and dozens of other models from most major phone makers and carriers.
From there, you download the app, create your unique PIN for secure access, and go to town (in the event you lose your phone, no one can access your banking information).
Banking with the Citi Mobile App:
- Check account balances
- Pay bills
- Transfer money
- Find nearest Citi branch or ATM
Using Citi Mobile App for credit cards:
- Check credit balance to avoid going over the limit
- View transaction history
- Pay bills
Both allow you to set reminders for bill due dates, contact customer service, and complete other tasks.
Mobile apps offer flexibility on the go
The biggest benefit to the mobile apps is information when and where you need it. By setting automatic e-mail or text message reminders, you can avoid late payments and the penalties and late fees that come with them. The same thing goes for overdraft fees or over the limit penalties on your credit card. The added benefit is that most of them use the same encryption level found on the bank’s normal website. Check with your bank or favorite financial management program to see if they have a mobile app.