|5 Reasons Why Mobile Banking is Convenient for Students
By Janel Bazih
Vice President and Marketing Manager, Spencer Savings Bank
Students lead busy lives. When they’re not in class, they’re studying. And when they’re not studying, they’re enjoying time with friends.
Since opening our new Financial Center in 2015, a big part of our mission has been to make students’ lives easier. Here are five ways students can benefit from the convenience of mobile banking:
1. Mobile Check Deposit
If you send a check to your student, they can use mobile banking to deposit the money into their account without ever having to visit the Financial Center. This can also help with your finances, as students don’t always recognize check etiquette, and may take days or weeks to visit the bank.
2. View Transactions
Instead of having to log in on a computer, students can review their transactions on the go, so they’re always aware of how their purchases affect their account balance.
3. Pay Bills
For students living off campus and learning the responsibilities of paying their own bills, mobile banking minimizes the likelihood of late payments. Students can pay a bill with just a few taps, and even set up recurring payments for monthly expenses.
4. Account Alerts
Students might not always be conscious of their bank account, which is why Spencer makes it easy to set up alerts for balances, transactions and more.
5. Transfer Funds through PopMoney
In early June, the bank will be introducing PopMoney. Designed to simplify your life in all sorts of ways, PopMoney allows you to send money securely from your bank account to your child’s account using an email or mobile number. On the flipside, students can easily request money from parents right from their smartphone. No banking information needs to be exchanged and there is no handling of cash or checks.
Get Started with Mobile Banking!
Does your student have the Spencer mobile app on their smartphone? If not, we encourage them to download the app free today from the App Store or Google Play.