7 Ways to Manage Finances with Mobile Banking

October 11, 2023 | Posted in Bank Blogs

The Power to Control Your Company's Cash Flow is in Your Hands.

In business, cash flow is critical.

Strong cash flow can help ensure you meet your payroll and bills, build reserves, and invest back in your business. But managing cash flow requires time, which is a scarce resource for most business owners. Fortunately, you have a convenient tool to make it easier right at your fingertips – mobile banking.

With mobile banking, you have the power to manage, monitor, and maximize cash flow any time. You can –

1. Make deposits. Why make a special trip to the bank to deposit checks when you can do it right from your mobile device? Mobile deposit not only will save you time and trips to the bank, but also can help you get faster access to deposited funds.
2. Know your cash position. In business, it's critical to know where your cash flow stands at all times. With mobile banking, you can set account alerts to notify you about specific transactions and balance levels.
3. Prevent fraud. You can also set transaction alerts to notify you when a specific account activity occurs, such as a debit or credit card purchase. That helps you identify fraudulent purchases and transactions sooner.​​​​​​​
4. Consolidate and maximize funds. Maximizing idle funds is key to building good cash flow. With mobile deposit you can consolidate funds between multiple checking accounts as well as transfer checking balances to saving vehicles.​​​​​​​
5. Pay bills and people. Managing your accounts payable efficiently is critical to maintaining good supplier relationships and avoiding costly late fees. With mobile banking, you can make payments electronically and even schedule recurring payments in advance. You can also pay people using their email address or mobile number.​​​​​​
6. Control debit/credit cards. Worried about a lost or stolen debit card? You can freeze the card until you find it or get a replacement. You can also set spending limits by card if you have employees.​​​​​​​
7. Find your nearest ATM. If you're on the road, you're never far from getting the cash you need. With our mobile banking app, you can easily find our locations, ensuring you're always close to the banking services you need, wherever your business takes you.

Put the power to control company cash flow where it belongs – in your hands.