Compare the mobile banking apps of the top banks |
Young woman using mobile banking on her phone

Compare banks with mobile banking

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Pay bills, transfer funds or find the closest ATM through your mobile banking app.

Mobile banking lets you do a range of banking tasks without visiting a branch or logging onto a computer. Most apps allow you to keep track of your finances on the go with a range of features and services. Common banking app features include finding the closest bank locations or ATMs, paying bills and transferring funds to other accounts, as well as online investing tools and calculators.

Our top pick: Aspiration Account

  • Up to 2.00% APY interest
  • Free ATM access worldwide
  • Unlimited cash back rewards
  • 10% of the company's earnings support charities

Our top pick: Aspiration Account

A high-interest account that operates like a checking account with no monthly service fees, free access to every ATM in the world, unlimited cash back rewards and deposits insured by the FDIC.

  • No monthly fee unless you choose to pay
  • No overdraft or foreign transaction fees
  • Low $10 minimum deposit to open an account
  • Easy access via the Aspiration mobile app or website

What is mobile banking?

It’s a system that lets the customer of a financial institution process transactions through an app on your smartphone or tablet. This is not to be confused with contactless payments, which use Near Field Communications (NFC) technology to allow you to use your phone to pay for things by tapping it near another device.

Mobile banking apps and features

Most major banks have a mobile app that allows their customers to access their accounts on the go. Here’s what the Big Four have to offer:

Mobile banking appFeatures
  • Deposit checks
  • Pay bills
  • Send and receive money with Chase QuickPay® with Zelle®
  • Set up account alerts to notify you if your balance dips too low
  • Find nearby Chase branches and ATMs
  • Check your balance and recent transactions
  • Get information on rewards for your Chase credit and debit cards
Wells Fargo
  • Deposit checks
  • Pay bills
  • Transfer money
  • Text banking capabilities
  • Get cash at an ATM even if you don’t have your card
  • Get Bill Pay reminders sent to your phone
  • Check your balance and recent transactions
Bank of America
  • Deposit checks
  • Pay bills
  • Send and receive money with with Zelle®
  • Set up account alerts to notify you if your balance dips too low
  • Check your credit score
  • Check your balance and recent transactions
  • Set budgets and monitor your spending in different categories
  • View cashback options from BankAmeriDeals®
  • Deposit checks
  • Pay bills
  • Transfer money
  • Set up account alerts to notify you if your balance dips too low
  • Find nearby Citibank branches and ATMs
  • Check your balance and search up to your last 150 transactions
  • Buy and sell ETFs, equities and mutual funds with your iPhone or Apple Watch

Compare checking accounts

Name Product APY ATMs Fee
2.00% on balances of $10,000+ or deposit $1+ each calendar month into any Aspiration banking or investment account
Free to use anywhere worldwide
A high-interest account that operates like a checking account with no monthly service fees, free access to every ATM in the world, unlimited cash back rewards and deposits insured by the FDIC.
Access to 16,000 ATMs and nearly 5,000 branches nationwide
(can be waived)
Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and nearly 5,000 branches.
16,000 Chase ATMs and nearly 5,000 branches
(can be waived)
If you’re new to Chase, get $200 when you open this account and complete qualifying activities. It boasts convenient features to help small and growing businesses reach their goals.
You’ll get fee-free access to over 56,000 ATMs around the world
A full-service account with convenient, surcharge-free access to two massive ATM networks.
1,000 fee-free ATMs across the country
Pay a $0 monthly service charge and get free access to BBVA Compass ATMs.
0.01% on balances of $5+
Surcharge-free HSBC ATMs nationally and internationally, plus up to four rebates a month for using non-HSBC ATMs in all US states except New York
(can be waived)
Get a $350 Welcome Deposit for eligible new customers who open an HSBC Advance Checking account with qualifying activities by June 2, 2019

Compare up to 4 providers

What are the advantages of mobile banking?

  • Save on time. Instead of going to a bank and waiting in line to talk to someone, you can check account balances, schedule and receive payments, transfer money and organize your accounts from anywhere.
  • Convenient for managing funds on-the-go. Do your banking at a time and place that suits you without having to worry about business hours.
  • Stay on top of your finances while traveling. Banking apps allow you to pay your bills, send and request money, and get help from anywhere in the world with Wi-Fi, regardless of whether or not there’s a branch nearby.
  • Security measures are built into the app. Generally, good mobile banking apps have a security guarantee or send you a SMS verification code you need to input to authorize a payment for added security. Some apps even have GPS capabilities to help figure out if someone other than you has your credit card.
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What to look out for…

Before you start mobile banking, here’s what you should look out for.

  • Security of financial transactions are paramount to any mobile banking app. Ensure that all your financial details are kept safe with authentication by having a user ID, password and PIN. Some banks let you log in with your fingerprint or face to keep you safe, but you need to have a phone that supports the technology.
  • Access to customer service. Banks have a lot of customers, so they need to able to produce a mobile banking infrastructure to handle large volumes of transactions at a time. Services should be available 24/7 and all systems should be working within the app.
  • Is mobile banking available for your bank? Some smaller banks don’t have mobile apps available. If you prefer to handle most of your finances from your phone, check to make sure an app is available before signing up for an account with a new bank.

The difference between a digital bank and mobile banking and how to compare digital banks

Keep your information secure

Mobile phone apps can only do so much on their own to keep you secure, such as logging you out after a certain amount of inactivity or making you provide a password or SMS codes. Banking on a public Wi-Fi connection or leaving your phone unlocked when you’re logged in to a banking app leaves your account at risk. Even if you aren’t logged in, taking screenshots of your balance or keeping your passwords in a note app can let your information leak — to stay safe, keep your phone locked when it’s not in your hand.

Bottom line

Mobile banking is used in many parts of the world and can be a great tool if used properly and securely. You can check your account details from anywhere and get notifications when there’s suspicious activity on your account, helping you get more control of your finances. Before you commit to a new bank account, make sure to compare to get the best APY and features for your needs.

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